The combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 0.02988 is considered certain.
Caution: A possible change in the direction of support at 0.02855 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.029575 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.02988 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ chart pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0306 |
| 2nd High | 0.02995 |
| Next High | 0.02988 |
| Current Price | 0.029260000 |
| Next Low | 0.02855 |
| 2nd Low | 0.02844 |
| 3rd Low | 0.02813 |
0.02988 – 0.02964 – 0.02995 – 0.02931 – 0.02855 – 0.02871 —
0.029810000 – 0.029140000 —
54.393954784205 – 36.452827879372 —
– —
0.02988 – 1770282000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers – – –