ETH/BTC – 1H – BUY

The pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards

An ascending movement up to the next resistance level at 0.031090000 is considered certain.

Caution: A possible change in the direction of support at is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair is likely to rise.

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 0.03079 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.031090000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Morning Doji Star’ candlestick chart pattern is found. The chart shows ‘Morning Doji Star’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Morning Doji Star’ heading up is 76% (Bull Market) & 71% (Bear Market).

0.031090000 – 0.03086 – 0.03095 – 0.03032 – 0.03049 – 0.03061 —
0.031090000 – 0.030810000 —
69.170763969468 – 39.085323004112 —
0.031090000 – 1775487600 —
– 1775487600

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Morning Doji Star – – –