ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 0.02896 is likely expected.
Caution: A possible change in the direction of the support level at 0.02857 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Separating Lines’ candle chart pattern is discovered. The chart forms ‘Bullish Separating Lines’. which is a positive 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 Separating Lines’ heading up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02981 |
| 2nd High | 0.02948 |
| Next High | 0.02896 |
| Current Price | 0.028840000 |
| Next Low | 0.02857 |
| 2nd Low | 0.02842 |
| 3rd Low | 0.02469 |
0.02896 – 0.02882 – 0.02948 – 0.02857 – 0.02861 – 0.02904 —
0.028870000 – 0.028780000 —
52.422636246321 – 47.931522445427 —
– —
0.02896 – 1778266800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Separating Lines – – –