TradingView
iglanbo1899
May 2, 2018 7:18 AM

ETHBTC Long

Ethereum / BitcoinBitstamp

Description

In recent days BITSTAMP:BTCUSD is trying to hold on at 9000.00 level and in my opinion support is strong. All the other coins are quick when it comes to following BITSTAMP:BTCUSD. BITSTAMP:ETHUSD started to gain some traction. If the whole crypto market is on the upside we can expect more gains. There are quite a few resistance points on our way but reward for patience will be high. BITSTAMP:ETHBTC is showing a lot of potential, in last few weeks ratio climbed from 0.054 level to 0.074. That means 37% increase, but with patience we will see even more. Remember buy on support and tend to sell on resistance lines!

In my opinion there are two possibilities:

* Resistance at 0.075 will be broken and we will go straight to next resistance
* Resistance will uphold and we will slip back down to support level

Trade active

Trade active

First target reached

Comment

According to Securities Exchange Comission site, there si no hearing scheduled for today. Welcome to the era of fake news people. Expecting cryptos to turn around in the next few hours.
More