ETH/BTC – 4H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance level at 0.032220000 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.029950000 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘RSI cross above 30’ indicator layout is existing. The indicator is ‘RSI cross above 30’. this is usually a bullish signal. The currency pair is likely to rise.
There is also a ‘Bullish Belt Hold’ candle pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.032500000 |
| Next High | 0.032220000 |
| Current Price | 0.032240000 |
| Next Low | 0.029950000 |
| 2nd Low | 0.024690000 |
| 3rd Low | 0.023050000 |
0.032220000 – 0.032500000 – 0.025770000 – 0.029950000 – 0.024690000 – 0.023050000 — 52.525954802656 – 56.151060599789
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – Double top retreat up –