ETH/BTC – 1H – BUY

The pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline upwards

A continuation of the bullish trend up to the next resistance at 0.02957 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 0.02877 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.029355 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.02957 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart forms ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to go up. 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).

0.02957 – 0.02977 – 0.02922 – 0.02877 – 0.02888 – 0.0292 —
0.028890000 – 0.029130000 —
38.092857760506 – 55.142070053568 —
– —
0.02957 – 1771462800

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – – –