ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
An ascent up to the next resistance line at 0.038910000 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.038420000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bullish Belt Hold’ candle pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040280000 |
| 2nd High | 0.039340000 |
| Next High | 0.038910000 |
| Current Price | 0.038940000 |
| Next Low | 0.038420000 |
| 2nd Low | 0.038400000 |
| 3rd Low | 0.038380000 |
0.038910000 – 0.039340000 – 0.040280000 – 0.038420000 – 0.038400000 – 0.038910000 — 48.797782397321 – 58.155983697873
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – Double top retreat up – –