ETH/BTC – 1H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance at 0.030770000 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.029970000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Tweezers Bottom’ chart pattern is detected. The chart forms ‘Tweezers 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 success rate of a ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.033020000 |
| 2nd High | 0.032690000 |
| Next High | 0.030770000 |
| Current Price | 0.030610000 |
| Next Low | 0.029970000 |
| 2nd Low | 0.029950000 |
| 3rd Low | 0.029760000 |
0.030770000 – 0.032690000 – 0.032680000 – 0.029970000 – 0.030400000 – 0.031760000 — 48.760904765476 – 53.220932437578
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Bottom – – –