ETH/BTC – 1H – BUYThe combination breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.039870000 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.038100000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. 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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.040060000 |
| Next High | 0.039870000 |
| Current Price | 0.039930000 |
| Next Low | 0.038100000 |
| 2nd Low | 0.037230000 |
| 3rd Low | 0.035230000 |