ETH/BTC – 4H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 0.032410000 will continue.
Caution: A possible trend reversal in the direction of the support zone at 0.029970000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Tweezers Bottom’ candlestick chart pattern is discovered. The candles show ‘Tweezers Bottom’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘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 | 0.032410000 |
| Current Price | 0.032220000 |
| Next Low | 0.029970000 |
| 2nd Low | 0.029950000 |
| 3rd Low | 0.024690000 |
0.032410000 – 0.032690000 – 0.033020000 – 0.029970000 – 0.031760000 – 0.029950000 — 56.256893585242 – 60.819611178336
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Bottom – – –