ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance level at 0.019920000 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.018700000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bullish Belt Hold’ candlestick chart pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.021720000 |
| 2nd High | 0.020290000 |
| Next High | 0.019920000 |
| Current Price | 0.019060000 |
| Next Low | 0.018700000 |
| 2nd Low | 0.018590000 |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold