ETH/BTC – 4H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 0.032220000 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.029950000 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘RSI cross above 70’ indicator layout is existing. The indicator shows ‘RSI cross above 70’. which could be a positive signal. The pair is likely to go up.
And also a ‘Latter Bottom’ candle chart pattern is found. The candles form ‘Latter Bottom’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.032500000 |
| Next High | 0.032220000 |
| Current Price | 0.032340000 |
| Next Low | 0.029950000 |
| 2nd Low | 0.024690000 |
| 3rd Low | 0.023050000 |
0.032220000 – 0.032500000 – 0.025770000 – 0.029950000 – 0.024690000 – 0.023050000 — 61.251968703573 – 63.518798768574
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Latter Bottom – Double bottom chart pattern –