ETH/BTC – 1H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at is certain.
Caution: A possible change in the direction of support at 0.040500000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.0418 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | |
| 2nd High | |
| Next High | |
| Current Price | 0.041950000 |
| Next Low | 0.040500000 |
| 2nd Low | 0.037670000 |
| 3rd Low | 0.037490000 |
0.041710000 – 0.041800000 – 0.038020000 – 0.040500000 – 0.037670000 – 0.037490000 — 66.133048181652 – 67.451943695849
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top chart pattern – –