ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.02967 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 0.02912 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Tweezers Bottom’ candlestick chart pattern is detected. The candles form ‘Tweezers Bottom’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02972 |
| 2nd High | 0.02969 |
| Next High | 0.02967 |
| Current Price | 0.029680000 |
| Next Low | 0.02912 |
| 2nd Low | 0.02888 |
| 3rd Low | 0.0288 |
0.02967 – 0.02943 – 0.0293 – 0.02912 – 0.02888 – 0.02897 —
0.029380000 – 0.029730000 —
52.819363333404 – 66.294261379053 —
– —
0.02967 – 1773324000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Bottom – – –