ETH/BTC – 30M – BUY

The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline upwards

A continuation of the uptrend up to the next resistance line at 0.041630000 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 0.039910000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart 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 considered certain. Target of the current trend is 0.04111 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.041630000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.041110000 – 0.040690000 – 0.040410000 – 0.039910000 – 0.039620000 – 0.039280000 — 58.632848046701 – 59.035896832315

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –