ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline up.
An ascent upwards to the next resistance level at 0.040880000 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.039580000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candlestick pattern is found. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041860000 |
| 2nd High | 0.041630000 |
| Next High | 0.040880000 |
| Current Price | 0.039950000 |
| Next Low | 0.039580000 |
| 2nd Low | 0.037670000 |
| 3rd Low | 0.037500000 |
0.040880000 – 0.041630000 – 0.041620000 – 0.040360000 – 0.040280000 – 0.040860000 — 29.369662497079 – 32.581784880692
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double bottom chart pattern – –