ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
An ascent upwards to the next resistance line at 0.03088 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.03069 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘Inverted Hammer’ candle chart pattern is found. The chart forms ‘Inverted Hammer’. 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 likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03153 |
| 2nd High | 0.0312 |
| Next High | 0.03088 |
| Current Price | 0.030700000 |
| Next Low | 0.03069 |
| 2nd Low | 0.03068 |
| 3rd Low | 0.03037 |
0.03088 – 0.0312 – 0.03153 – 0.03069 – 0.0309 – 0.03104 —
0.030690000 – 0.030680000 —
27.881002498262 – 44.02330199785 —
– —
0.03088 – 1776601800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Inverted Hammer – Rising Wedge Chart Pattern – –