ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance level at 0.039270000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.038000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039970000 |
| 2nd High | 0.039720000 |
| Next High | 0.039270000 |
| Current Price | 0.038870000 |
| Next Low | 0.038000000 |
| 2nd Low | 0.037670000 |
| 3rd Low | 0.037500000 |
0.039270000 – 0.038820000 – 0.039010000 – 0.038000000 – 0.038380000 – 0.038410000 — 62.726627575663 – 64.594906534853
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –