ETH/BTC – 30M – BUYNext a ‘Double bottom chart pattern’ chart formation is found. The chart picture forms ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to rise.
The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 0.03361 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.03299 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Bullish Belt Hold’ candlestick chart pattern is found. The chart shows ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03435 |
| 2nd High | 0.03393 |
| Next High | 0.03361 |
| Current Price | 0.033630000 |
| Next Low | 0.03299 |
| 2nd Low | 0.03209 |
| 3rd Low | 0.03201 |
0.03361 – 0.03291 – 0.03279 – 0.03299 – 0.03209 – 0.03217 — 53.112190630995 – 60.08300514966 — 56.707866053108 – 48.25146306152 – 69.148413876087 – 59.111293295021
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – Double bottom chart pattern – –