The pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish movement up to the next resistance at 0.03326 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.03304 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Advance Block’ chart pattern is detected. The candles form ‘Advance Block’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03462 |
| 2nd High | 0.03395 |
| Next High | 0.03326 |
| Current Price | 0.032870000 |
| Next Low | 0.03304 |
| 2nd Low | 0.03299 |
| 3rd Low | 0.03295 |
0.03326 – 0.03318 – 0.03311 – 0.03304 – 0.03299 – 0.03295 —
0.032490000 – 0.032730000 —
19.764581094179 – 50.451421437782 —
– —
0.03326 – 1769337000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Advance Block – – –