ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 0.024330000 is likely expected.
Caution: A possible change in the direction of the support zone at 0.023900000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The candles form ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. 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 | 0.024400000 |
| 2nd High | 0.024360000 |
| Next High | 0.024330000 |
| Current Price | 0.024820000 |
| Next Low | 0.023900000 |
| 2nd Low | 0.023270000 |
| 3rd Low | 0.023220000 |
0.024290000 – 0.024090000 – 0.023730000 – 0.023900000 – 0.023270000 – 0.023310000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Bullish Belt Hold –