ETH/BTC – 1H – BUYNext a ‘Double bottom chart pattern’ chart layout is found. The chart forms ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to rise.
The pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 0.023780000 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.023270000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.
Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024210000 |
| 2nd High | 0.023950000 |
| Next High | 0.023780000 |
| Current Price | 0.024010000 |
| Next Low | 0.023270000 |
| 2nd Low | 0.023220000 |
| 3rd Low | 0.023050000 |
0.023780000 – 0.023370000 – 0.023700000 – 0.023270000 – 0.023220000 – 0.023050000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Double bottom chart pattern