ETH/BTC – 4H – BUY

The pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.

An ascending movement up to the next resistance level at 0.02972 is certain.

Caution: A possible reversal of the trend in the direction of the support line at 0.02879 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.02965 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.02972 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. this 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 ‘Three White Soldiers’ heading up is 82%.

0.02972 – 0.03018 – 0.03069 – 0.02879 – 0.02903 – 0.02861 —
0.029400000 – 0.029120000 —
48.745337199886 – 45.273202769159 —
– —
0.02972 – 1772640000

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers – – –