ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance level at 0.019920000 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.018700000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.01931 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.019920000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.021720000 |
| 2nd High | 0.020290000 |
| Next High | 0.019920000 |
| Current Price | 0.019030000 |
| Next Low | 0.018700000 |
| 2nd Low | 0.018590000 |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji