The combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 0.02917 will persist.
Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
Also there is a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02977 |
| 2nd High | 0.02957 |
| Next High | 0.02917 |
| Current Price | 0.029020000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.02917 – 0.02916 – 0.02957 – 0.0289 – 0.0289 – 0.02877 —
0.028990000 – 0.029020000 —
49.753431921886 – 50.740102505897 —
– —
0.02917 – 1771608600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Up – – –