ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance level at 0.023300000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.023050000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bullish Belt Hold’ chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.023490000 |
| 2nd High | 0.023370000 |
| Next High | 0.023300000 |
| Current Price | 0.023280000 |
| Next Low | 0.023050000 |
| 2nd Low | 0.022770000 |
| 3rd Low | 0.022500000 |
0.023300000 – 0.023370000 – 0.023490000 – 0.023050000 – 0.023050000 – 0.023270000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Bullish Belt Hold –