ETH/BTC – 1H – BUYNext a ‘Double bottom chart pattern’ chart layout is found. The chart forms ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to rise.
The combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 0.023780000 will continue.
Caution: A possible counter-trend in the direction of the support zone at 0.023270000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Next a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive 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’ 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