ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish movement up to the next resistance at 0.036920000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.034110000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive 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 ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.036920000 |
| Current Price | 0.035990000 |
| Next Low | 0.034110000 |
| 2nd Low | 0.034000000 |
| 3rd Low | 0.032920000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers