ETH/BTC – 4H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 0.03393 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.03213 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03393 |
| Current Price | 0.032730000 |
| Next Low | 0.03213 |
| 2nd Low | 0.03212 |
| 3rd Low | 0.03201 |
0.03393 – 0.03365 – 0.03435 – 0.03213 – 0.03224 – 0.03212 — 47.286515313155 – 48.341013087189 — 68.407251684073 – 84.203625842036 – 60.185055415739 – 68.544843775528
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Triple bottom chart pattern – –