ETH/BTC – 30M – BUY

The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline upwards

A continuation of the upward movement up to the next resistance at 0.024290000 is expected.

Caution: A possible counter-trend in the direction of the support level at 0.023900000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.02429 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.024290000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then 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).

0.024290000 – 0.024090000 – 0.023730000 – 0.023900000 – 0.023270000 – 0.023310000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji –