ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline up.
A bullish ascent upwards to the next resistance at 0.038320000 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.036950000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 0.03756124 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.038320000 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish signal. The 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 | 0.040040000 |
| 2nd High | 0.039540000 |
| Next High | 0.038320000 |
| Current Price | 0.037190000 |
| Next Low | 0.036950000 |
| 2nd Low | 0.036610000 |
| 3rd Low | 0.035240000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers