The pair Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.02972 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.0288 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Then a ‘Tweezers Bottom’ candle chart pattern is found. The chart forms ‘Tweezers Bottom’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0301 |
| 2nd High | 0.0298 |
| Next High | 0.02972 |
| Current Price | 0.029450000 |
| Next Low | 0.0288 |
| 2nd Low | 0.02877 |
| 3rd Low | 0.02872 |
0.02908 – 0.0293 – 0.02926 – 0.0288 – 0.02896 – 0.02911 —
0.029390000 – 0.029530000 —
70.814357528078 – 65.868654295356 —
– —
0.02908 – 1772967600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Bottom – – –