ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 0.03292 is considered certain.
Caution: A possible change in the direction of the support zone at 0.03225 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Hammer’ candle chart pattern is discovered. The candles show ‘Hammer’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03314 |
| 2nd High | 0.03306 |
| Next High | 0.03292 |
| Current Price | 0.032570000 |
| Next Low | 0.03225 |
| 2nd Low | 0.03213 |
| 3rd Low | 0.03212 |
0.03292 – 0.0329 – 0.03306 – 0.03225 – 0.03213 – 0.03234 — 48.367227109884 – 49.557774809404 — 65.780122614225 – 50.175705547572 – 75.499702851044 – 64.628407513993
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Hammer – – –