ETH/BTC – 1H – BUYNext a ‘Falling Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to rise.
The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 0.024190000 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
Next a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024330000 |
| 2nd High | 0.024310000 |
| Next High | 0.024190000 |
| Current Price | 0.024110000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.024190000 – 0.024310000 – 0.024330000 – 0.023750000 – 0.023700000 – 0.023840000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji