ETH/BTC – 1H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 0.033020000 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.031460000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.033020000 |
| Current Price | 0.032160000 |
| Next Low | 0.031460000 |
| 2nd Low | 0.031200000 |
| 3rd Low | 0.029950000 |
0.033020000 – 0.032490000 – 0.032130000 – 0.031460000 – 0.031200000 – 0.029950000 — 42.064050170078 – 43.601505426533
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – –