The pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
An ascending movement up to the next resistance at 0.041630000 is certain.
Caution: A possible counter-trend in the direction of support at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.
Then a ‘Bullish Belt Hold’ candle pattern is found. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.043270000 |
| Next High | 0.041630000 |
| Current Price | 0.040600000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.041630000 – 0.043270000 – 0.038660000 – 0.039580000 – 0.036070000 – 0.034670000 — 47.720998711124 – 53.499884590371
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – – –