ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
An ascent up to the next resistance line at 0.032050000 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.031430000 could happen.
Consider stop-loss settings accordingly.
Next a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish signal. The pair is likely to go down.
Next a ‘Bullish Engulfing’ candlestick pattern is detected. The candles form ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.032690000 |
| 2nd High | 0.032410000 |
| Next High | 0.032050000 |
| Current Price | 0.031990000 |
| Next Low | 0.031430000 |
| 2nd Low | 0.031290000 |
| 3rd Low | 0.029970000 |
0.032050000 – 0.032410000 – 0.030770000 – 0.031430000 – 0.031290000 – 0.029970000 — 56.972463081639 – 59.951831498551
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – Triple bottom chart pattern – –