ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish trend upwards to the next resistance at 0.038840000 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.038510000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick chart pattern is detected. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039390000 |
| 2nd High | 0.039040000 |
| Next High | 0.038840000 |
| Current Price | 0.038700000 |
| Next Low | 0.038510000 |
| 2nd Low | 0.038420000 |
| 3rd Low | 0.038210000 |
0.038840000 – 0.039040000 – 0.039390000 – 0.038510000 – 0.038420000 – 0.038210000 — 42.746854375349 – 50.486106313998
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up – –