ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 0.0298 is certain.
Caution: A possible trend reversal in the direction of the support zone at 0.02877 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03359 |
| 2nd High | 0.0306 |
| Next High | 0.0298 |
| Current Price | 0.029700000 |
| Next Low | 0.02877 |
| 2nd Low | 0.02855 |
| 3rd Low | 0.02469 |
0.0298 – 0.0306 – 0.03023 – 0.02877 – 0.02885 – 0.02855 —
0.029490000 – 0.029450000 —
53.003301820104 – 53.557036946235 —
– —
0.0298 – 1770339600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers – – –