The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 0.03177 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.031040000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.
And also a ” indicator signal is found. The indicator shows ”. which is often a bullish chart signal. The currency pair could go up.
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And also a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.031545 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.03177 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Outside Up’ chart pattern is found. The chart shows ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03326 |
| 2nd High | 0.03205 |
| Next High | 0.03177 |
| Current Price | 0.031510000 |
| Next Low | 0.031040000 |
| 2nd Low | |
| 3rd Low |
0.03177 – 0.03205 – 0.03202 – 0.031040000 – 0.0311 – 0.03148 —
0.031130000 – 0.031230000 —
42.286313166678 – 44.354074024788 —
0.031040000 – 1776416400 —
0.03177 – 1776274200
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Up – – –