ETH/BTC – 4H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at is certain.
Caution: A possible trend reversal in the direction of support at 0.024690000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.027910000 |
| Next Low | 0.024690000 |
| 2nd Low | 0.023050000 |
| 3rd Low | 0.021390000 |
0.025770000 – 0.023950000 – 0.023430000 – 0.024690000 – 0.023050000 – 0.021390000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Triple bottom chart pattern