Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Current target is 0.0305556 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 0.03074 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bullish Belt Hold’ chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03088 |
| 2nd High | 0.03087 |
| Next High | 0.03074 |
| Current Price | 0.030540000 |
| Next Low | 0.03047 |
| 2nd Low | 0.03037 |
| 3rd Low | 0.03032 |
0.03074 – 0.03087 – 0.03086 – 0.03047 – 0.03054 – 0.03047 —
0.030530000 – 0.030550000 —
43.310039928897 – 48.073028076774 —
– —
0.03074 – 1776718800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – – –