ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
An ascent upwards to the next resistance line at 0.038910000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.038420000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040280000 |
| 2nd High | 0.039340000 |
| Next High | 0.038910000 |
| Current Price | 0.038720000 |
| Next Low | 0.038420000 |
| 2nd Low | 0.038400000 |
| 3rd Low | 0.038380000 |
0.038910000 – 0.039340000 – 0.040280000 – 0.038420000 – 0.038400000 – 0.038910000 — 50.510687670912 – 55.38047930293
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Symmetrical Triangle Chart Pattern – –