ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 0.024210000 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.023270000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 0.02409 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.024210000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Harami Cross’ candlestick pattern is discovered. The candles show ‘Bearish Harami Cross’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024330000 |
| 2nd High | 0.024310000 |
| Next High | 0.024210000 |
| Current Price | 0.024180000 |
| Next Low | 0.023270000 |
| 2nd Low | 0.023220000 |
| 3rd Low | 0.023050000 |
0.024090000 – 0.023780000 – 0.023370000 – 0.023270000 – 0.023220000 – 0.023050000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Bearish Harami Cross – Head and Shoulder chart pattern