ETH/BTC – 30M – BUY

The combination Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline up.

A continuation of the upward movement up to the next resistance level at 0.0296 will persist.

Caution: A possible change in the direction of the support level at 0.02941 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K crosses above 0.2’ indicator signal is detected. The indicator is ‘StochRSI %K crosses above 0.2’. which could be a positive chart signal. The pair is likely to go up.

And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.02956504 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.0296 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bullish Engulfing’ candle chart pattern is found. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

0.0296 – 0.02949 – 0.02945 – 0.02941 – 0.0294 – 0.02929 —
0.029650000 – 0.029540000 —
68.701583901258 – 45.937713151526 —
– —
0.0296 – 1777757400

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – – –