ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 0.032500000 is likely expected.
Caution: A possible change in the direction of the support level at 0.031540000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Engulfing’ candlestick pattern is existing. The chart forms ‘Bullish Engulfing’. 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 success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.032500000 |
| Current Price | 0.032110000 |
| Next Low | 0.031540000 |
| 2nd Low | 0.029940000 |
| 3rd Low | 0.029760000 |
0.032500000 – 0.032120000 – 0.032210000 – 0.031540000 – 0.029940000 – 0.029760000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Bullish Engulfing – Double bottom retreat down