ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 0.031450000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 0.030690000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.032500000 |
| 2nd High | 0.032230000 |
| Next High | 0.031450000 |
| Current Price | 0.031230000 |
| Next Low | 0.030690000 |
| 2nd Low | 0.029940000 |
| 3rd Low | 0.029760000 |
0.031450000 – 0.032230000 – 0.032500000 – 0.030690000 – 0.031790000 – 0.031540000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji –