ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 0.030810000 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.024690000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candlestick pattern is discovered. 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.030810000 |
| Current Price | 0.030390000 |
| Next Low | 0.024690000 |
| 2nd Low | 0.024590000 |
| 3rd Low | 0.023270000 |
0.030810000 – 0.029370000 – 0.028720000 – 0.024690000 – 0.024820000 – 0.024930000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Double bottom chart pattern