ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
An ascending movement up to the next resistance line at 0.024110000 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 0.023650000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.02432 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.024110000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025410000 |
| 2nd High | 0.025060000 |
| Next High | 0.024110000 |
| Current Price | 0.024060000 |
| Next Low | 0.023650000 |
| 2nd Low | 0.023630000 |
| 3rd Low | 0.023580000 |
0.023950000 – 0.024010000 – 0.024110000 – 0.023650000 – 0.023630000 – 0.023580000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji