ETH/BTC – 4H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.034670000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Belt Hold’ candle pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.038940000 |
| Next Low | 0.034670000 |
| 2nd Low | 0.029970000 |
| 3rd Low | 0.029950000 |
0.037100000 – 0.032410000 – 0.032690000 – 0.034670000 – 0.029970000 – 0.031760000 — 63.020237817528 – 67.385242331008
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – – –