One Year Analysis of Ethereum to Bitcoin in Binance Exchange
The first thing we get from the Ethereum chart overview to Bitcoin is that
After the steep climbing trend that occurred in late 2017 to early 2018
And it climbed 450 percent in 49 days
It needed a correction with the same sharp ratio to happen at the 0.61 Fibonacci level
It then encountered a sharp uptrend to the 0.50 Fibonacci level
After that, with a one-year downtrend from 2018 to 2019;
Reach a support with a more balanced slope that was within the reach of its historical price support
And since its revision in late 2019 didn't even reach the 0.23 Fibonacci level;
It could be interpreted that the market excitement was nearing its end in 2018
And the market is going to be busy breathing the excitement of 2018 into 2019;
And since returning to historic support with a breakout in mid-2019 with a breakout in late 2019;
So the second half of 2019 also put the market in the process of suffering
But the important point from 2020 happened from January 2020 to February 20 in less than 50 days;
And a breakout from the 2019 one,
Climb to 0.50 Fibonacci retracement level of 2019 downtrend;
Which would contain the important interpretation that after a year of market placement in the range of suffering;
2020 market will see its biennial price correction;
That will by the end of 2021 reach its minimum level of fifty-two years 2018 and 2019!
We will have at least a 225% rise in 2020 for Ethereum.
This is my one-year analysis of triumph in 2020
Which I am currently posting on TradingView and will follow until the end of 2020.
After the steep climbing trend that occurred in late 2017 to early 2018
And it climbed 450 percent in 49 days
It needed a correction with the same sharp ratio to happen at the 0.61 Fibonacci level
It then encountered a sharp uptrend to the 0.50 Fibonacci level
After that, with a one-year downtrend from 2018 to 2019;
Reach a support with a more balanced slope that was within the reach of its historical price support
And since its revision in late 2019 didn't even reach the 0.23 Fibonacci level;
It could be interpreted that the market excitement was nearing its end in 2018
And the market is going to be busy breathing the excitement of 2018 into 2019;
And since returning to historic support with a breakout in mid-2019 with a breakout in late 2019;
So the second half of 2019 also put the market in the process of suffering
But the important point from 2020 happened from January 2020 to February 20 in less than 50 days;
And a breakout from the 2019 one,
Climb to 0.50 Fibonacci retracement level of 2019 downtrend;
Which would contain the important interpretation that after a year of market placement in the range of suffering;
2020 market will see its biennial price correction;
That will by the end of 2021 reach its minimum level of fifty-two years 2018 and 2019!
We will have at least a 225% rise in 2020 for Ethereum.
This is my one-year analysis of triumph in 2020
Which I am currently posting on TradingView and will follow until the end of 2020.