ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline up.
A bullish movement upwards to the next resistance line at 0.02948 is expected.
Caution: A possible counter-trend in the direction of support at 0.02861 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03024 |
| 2nd High | 0.02981 |
| Next High | 0.02948 |
| Current Price | 0.028740000 |
| Next Low | 0.02861 |
| 2nd Low | 0.02842 |
| 3rd Low | 0.02469 |
0.02948 – 0.02981 – 0.0296 – 0.02904 – 0.02933 – 0.02944 —
0.028870000 – 0.028670000 —
32.597474196617 – 25.001160071039 —
– —
0.02948 – 1778058000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Up – – –