ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 0.032410000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.030380000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.033020000 |
| 2nd High | 0.032690000 |
| Next High | 0.032410000 |
| Current Price | 0.031970000 |
| Next Low | 0.030380000 |
| 2nd Low | 0.029970000 |
| 3rd Low | 0.029950000 |
0.032410000 – 0.031140000 – 0.030770000 – 0.030380000 – 0.029970000 – 0.030460000 — 49.111705515781 – 52.189968903812
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –