ETH/BTC – 1H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 0.02926 is expected.
Caution: A possible trend reversal in the direction of support at 0.02877 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘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 success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02942 |
| 2nd High | 0.02941 |
| Next High | 0.02926 |
| Current Price | 0.029050000 |
| Next Low | 0.02877 |
| 2nd Low | 0.02872 |
| 3rd Low | 0.02861 |
0.02926 – 0.02941 – 0.02942 – 0.02877 – 0.02904 – 0.02879 —
0.029260000 – 0.029090000 —
57.431972755216 – 39.455815436064 —
– —
0.02926 – 1772881200
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – – –