ETH/BTC – 1H – BUYFurthermore a ‘Double bottom chart pattern’ chart layout is detected. The chart forms ‘Double bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.
The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 0.0336 is likely expected.
Caution: A possible change in the direction of the support zone at 0.03236 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair is likely to rise.
Furthermore a ‘Bullish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03435 |
| 2nd High | 0.03365 |
| Next High | 0.0336 |
| Current Price | 0.033710000 |
| Next Low | 0.03236 |
| 2nd Low | 0.03224 |
| 3rd Low | 0.03212 |
0.0336 – 0.03365 – 0.03355 – 0.03236 – 0.03224 – 0.03298 — 58.243720324782 – 65.906405413762 — 61.598976351832 – 79.590224791874 – 62.181834582255 – 67.91318622819
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – Double bottom chart pattern – –