ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
An ascending movement up to the next resistance line at 0.023340000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.023050000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.023490000 |
| 2nd High | 0.023370000 |
| Next High | 0.023340000 |
| Current Price | 0.023520000 |
| Next Low | 0.023050000 |
| 2nd Low | 0.022770000 |
| 3rd Low | 0.022500000 |
0.023340000 – 0.023300000 – 0.023370000 – 0.023050000 – 0.023050000 – 0.023270000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji –