ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 0.035010000 will continue.
Caution: A possible counter-trend in the direction of the support line at 0.034120000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Inverted Hammer’ candle chart pattern is discovered. The candles form ‘Inverted Hammer’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035940000 |
| 2nd High | 0.035920000 |
| Next High | 0.035010000 |
| Current Price | 0.034530000 |
| Next Low | 0.034120000 |
| 2nd Low | 0.034070000 |
| 3rd Low | 0.033370000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Inverted Hammer