ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline upwards
An ascent up to the next resistance at 0.039040000 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.038210000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.038965 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.039040000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Bullish Belt Hold’ candle chart pattern is existing. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039390000 |
| 2nd High | 0.039370000 |
| Next High | 0.039040000 |
| Current Price | 0.038610000 |
| Next Low | 0.038210000 |
| 2nd Low | 0.038000000 |
| 3rd Low | 0.037670000 |
0.039040000 – 0.039370000 – 0.039390000 – 0.038720000 – 0.038970000 – 0.038950000 — 34.050870224257 – 39.324352545988
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – Rising Wedge Chart Pattern – –