ETH/BTC – 1H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
An ascent up to the next resistance at 0.0336 is considered certain.
Caution: A possible change in the direction of the support line at 0.03236 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.03365 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 0.0336 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03435 |
| 2nd High | 0.03365 |
| Next High | 0.0336 |
| Current Price | 0.033560000 |
| Next Low | 0.03236 |
| 2nd Low | 0.03224 |
| 3rd Low | 0.03212 |
0.0336 – 0.03365 – 0.03355 – 0.03236 – 0.03224 – 0.03298 — 61.329894799447 – 65.063037515481 — 98.156983203712 – 98.156983203712 – 98.771322135808 – 98.156983203712
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up – –