ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance line at 0.03327 will continue.
Caution: A possible counter-trend in the direction of the support zone at should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
There is also a ‘RSI cross above 70’ indicator signal is detected. The indicator shows ‘RSI cross above 70’. this is usually a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 0.03342 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.03327 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03398 |
| 2nd High | 0.03379 |
| Next High | 0.03327 |
| Current Price | 0.033420000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.03327 – 0.03379 – 0.03398 – 0.03295 – 0.03286 – 0.0333 — 55.702927807988 – 71.802244450689 — 85.249615975422 – 89.043778801843 – 55.766462665853 – 75.403225806452
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up – –