ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.03435 is certain.
Caution: A possible reversal of the trend in the direction of support at 0.0332 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair could go up.
Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.03365 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.03435 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive signal. The 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 | 0.03538 |
| 2nd High | 0.03442 |
| Next High | 0.03435 |
| Current Price | 0.033870000 |
| Next Low | 0.0332 |
| 2nd Low | 0.0326 |
| 3rd Low | 0.03236 |
0.0336 – 0.03359 – 0.03365 – 0.0332 – 0.0326 – 0.03236 — 63.2518166206 – 67.83256687567 — 77.123171813437 – 87.18361284733 – 82.313949570587 – 81.395300864327
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –