ETH/BTC – 30M – BUY

The combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.

A bullish ascent upwards to the next resistance line at 0.02908 is likely expected.

Caution: A possible trend reversal in the direction of support at 0.0288 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.

Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.02926604 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 0.02908 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Up’ candle chart pattern is found. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.02908 – 0.0293 – 0.02926 – 0.0288 – 0.02896 – 0.02911 —
0.028910000 – 0.028920000 —
35.959669604877 – 42.389691462206 —
– —
0.02908 – 1772967600

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Up – – –