ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline up.
An ascending movement upwards to the next resistance at 0.035630000 is likely expected.
Caution: A possible change in the direction of the support level at 0.035130000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Line Strike – Bullish’ chart pattern is existing. The candles form ‘Three Line Strike – Bullish’. 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 Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.037190000 |
| 2nd High | 0.036280000 |
| Next High | 0.035630000 |
| Current Price | 0.035400000 |
| Next Low | 0.035130000 |
| 2nd Low | 0.034620000 |
| 3rd Low | 0.034120000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Line Strike – Bullish