The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 0.03475 is likely expected.
Caution: A possible trend reversal in the direction of support at should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.03490928 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.03475 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03515 |
| 2nd High | 0.03489 |
| Next High | 0.03475 |
| Current Price | 0.034660000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.03475 – 0.03489 – 0.03489 – 0.03443 – 0.03413 – 0.03421 — 57.191953861573 – 57.191953861573 — 78.159121937271 – 79.854940381256 – 76.567452574401 – 74.6859854568
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –