ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance line at 0.039340000 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.038380000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040440000 |
| 2nd High | 0.040280000 |
| Next High | 0.039340000 |
| Current Price | 0.038550000 |
| Next Low | 0.038380000 |
| 2nd Low | 0.038000000 |
| 3rd Low | 0.037670000 |
0.039340000 – 0.040280000 – 0.040440000 – 0.038910000 – 0.038930000 – 0.039700000 — 32.441801055429 – 38.529673963561
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –