The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish ascent up to the next resistance at 0.02737 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 0.02717 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.02754 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.02737 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02754 |
| 2nd High | 0.02741 |
| Next High | 0.02737 |
| Current Price | 0.027280000 |
| Next Low | 0.02717 |
| 2nd Low | 0.02663 |
| 3rd Low | 0.0261 |
0.02737 – 0.02741 – 0.02754 – 0.02717 – 0.02663 – 0.0261 —
0.027280000 – 0.027260000 —
51.379304869737 – 45.065660496612 —
– —
0.02737 – 1781661600