The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 0.02957 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.02872 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Next a ‘Three Outside Up’ candle chart pattern is discovered. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02994 |
| 2nd High | 0.02977 |
| Next High | 0.02957 |
| Current Price | 0.029430000 |
| Next Low | 0.02872 |
| 2nd Low | 0.02861 |
| 3rd Low | 0.02842 |
0.02932 – 0.029 – 0.02899 – 0.02872 – 0.02861 – 0.0289 —
0.029080000 – 0.029280000 —
53.497927567001 – 63.866091125835 —
– —
0.02932 – 1771984800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Up – Double top retreat up – –