ETH/BTC – 4H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline up.
A bullish ascent upwards to the next resistance at 0.041500000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 0.038510000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.
In addition a ‘Bullish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bullish Engulfing’. 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 success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.043270000 |
| 2nd High | 0.041630000 |
| Next High | 0.041500000 |
| Current Price | 0.038770000 |
| Next Low | 0.038510000 |
| 2nd Low | 0.036070000 |
| 3rd Low | 0.034670000 |
0.041500000 – 0.041630000 – 0.043270000 – 0.038510000 – 0.039280000 – 0.039580000 — 39.148475668748 – 43.992594221676
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – Double bottom chart pattern – –