The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 0.038840000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.038510000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.
Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.
Then a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039370000 |
| 2nd High | 0.039040000 |
| Next High | 0.038840000 |
| Current Price | 0.038800000 |
| Next Low | 0.038510000 |
| 2nd Low | 0.038420000 |
| 3rd Low | 0.038210000 |
0.038840000 – 0.038770000 – 0.038730000 – 0.038510000 – 0.038420000 – 0.038720000 — 51.238621804972 – 57.86000439578
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –