ETH/BTC – 30M – BUYAnd also a ‘Falling Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Falling Wedge Chart Pattern’. this is a bullish chart scenario. The currency pair is likely to go up.
The pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 0.024330000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.023840000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
And also a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024400000 |
| 2nd High | 0.024360000 |
| Next High | 0.024330000 |
| Current Price | 0.024290000 |
| Next Low | 0.023840000 |
| 2nd Low | 0.023470000 |
| 3rd Low | 0.023090000 |
0.024330000 – 0.024070000 – 0.024210000 – 0.023840000 – 0.023980000 – 0.023940000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji