The combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 0.037660000 is expected.
Caution: A possible change in the direction of the support level at 0.036790000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.03799 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.037660000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039190000 |
| 2nd High | 0.038660000 |
| Next High | 0.037660000 |
| Current Price | 0.037570000 |
| Next Low | 0.036790000 |
| 2nd Low | 0.035400000 |
| 3rd Low | 0.034670000 |
0.037660000 – 0.038660000 – 0.038130000 – 0.036790000 – 0.037720000 – 0.037460000 — 53.097818675924 – 55.688360493263
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up – –