The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance at 0.0312 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.0309 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.
Moreover a ‘Three Outside Up’ candlestick chart pattern is existing. The candles form ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03158 |
| 2nd High | 0.03153 |
| Next High | 0.0312 |
| Current Price | 0.031090000 |
| Next Low | 0.0309 |
| 2nd Low | 0.03068 |
| 3rd Low | 0.03037 |
0.0312 – 0.03153 – 0.03158 – 0.0309 – 0.03104 – 0.0311 —
0.031170000 – 0.031070000 —
55.981525694833 – 47.842578204702 —
– —
0.0312 – 1776528000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Up – – –