ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 0.035780000 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.035400000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Three Outside Up’ candle chart pattern is detected. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.036340000 |
| 2nd High | 0.036040000 |
| Next High | 0.035780000 |
| Current Price | 0.035700000 |
| Next Low | 0.035400000 |
| 2nd Low | 0.035380000 |
| 3rd Low | 0.034620000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Up