ETH/BTC – 30M – BUY

The combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards

A bullish trend up to the next resistance level at 0.02982 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.02952 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K crosses above 0.2’ indicator signal is existing. The indicator shows ‘StochRSI %K crosses above 0.2’. which is often a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.02967408 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.02982 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles form ‘Bullish Belt Hold’. which is a bullish pattern signal. The 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’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.02982 – 0.03024 – 0.0302 – 0.02952 – 0.0299 – 0.02972 —
0.029750000 – 0.029650000 —
51.080751753517 – 39.447688969247 —
– —
0.02982 – 1777510800

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – – –