ETH/BTC – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.02956504 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 0.0296 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Inverted Hammer’ chart pattern is discovered. The chart forms ‘Inverted Hammer’. 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 ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02981 |
| 2nd High | 0.02965 |
| Next High | 0.0296 |
| Current Price | 0.029490000 |
| Next Low | 0.02941 |
| 2nd Low | 0.0294 |
| 3rd Low | 0.02929 |
0.0296 – 0.02949 – 0.02945 – 0.02941 – 0.0294 – 0.02929 —
0.029490000 – 0.029510000 —
55.655315953727 – 54.229138955091 —
– —
0.0296 – 1777757400
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Inverted Hammer – – –