ETH/BTC – 1H – BUYThen a ‘Double top retreat up’ chart formation is detected. The formation shows ‘Double top retreat up’. which is a bullish signal. The currency pair is likely to rise.
The combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline upwards
An ascent up to the next resistance line at 0.038660000 will continue.
Caution: A possible counter-trend in the direction of support at 0.034670000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039460000 |
| 2nd High | 0.039190000 |
| Next High | 0.038660000 |
| Current Price | 0.037610000 |
| Next Low | 0.034670000 |
| 2nd Low | 0.031430000 |
| 3rd Low | 0.031290000 |
0.038660000 – 0.039190000 – 0.039460000 – 0.037290000 – 0.037390000 – 0.037700000 — 40.8152312624 – 50.10007530928
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up – –