The combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 0.021750000 is certain.
Caution: A possible change in the direction of the support level at 0.021490000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.02165 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.021750000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Then a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.021940000 |
2nd High | 0.021790000 |
Next High | 0.021750000 |
Current Price | 0.021570000 |
Next Low | 0.021490000 |
2nd Low | 0.021470000 |
3rd Low | 0.021450000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji