[Watch it] ETHBTC at resistance.

BITSTAMP:ETHBTC1D

Ethereum / BitcoinBitstamp

Description

⋅ Jul 8, 2020 6:52 AM

Ascending rectangle(s) with 2 possible exit routes. The first one possibly in July.
Watch it.

Comment

⋅ Jul 23, 2020 7:23 PM

Nice breakout ... and still in July.

Comment

⋅ Jul 26, 2020 1:52 PM

Matched ascending triangle theoretical target around 0.033 mark.

Perfect.

Comment

⋅ Jul 28, 2020 10:11 AM

TD count=9 on ETHUSD may hint an upcoming pause and/or cooldown.

Comment

⋅ Jul 28, 2020 10:13 AM

Let me add that Ether finally matched first target of the ETHUSD analysis i've posted 7 months ago:

Comment

⋅ Aug 5, 2020 9:43 PM

Trying to breakout an ascending triangle.

we'll see.
A lot depends on what BTC will do.

Comment

⋅ Aug 6, 2020 8:41 PM

TD count=19 on ETHUSD.
Very stretched.

Unless Bitcoin breaks out i think ETH will have a substantial pullback from here.

Comment

⋅ Aug 6, 2020 8:43 PM

Longest recent strip was a TD=20 back in february ...
We'll see.

Comment

⋅ Aug 7, 2020 5:35 PM

Here is the pullback.
10% down already and red one forming after 19 candles.

Comment

⋅ Aug 11, 2020 9:14 PM

Testing again upper limit of previous channel.

Nulls should try to keep price within a triangle or a further leg down would become likely. Watch for daily close.

Comment

⋅ Aug 14, 2020 7:47 AM

So we had a nice triangle breakout.

Looks good.

Trend Analysis

Comments

f-73

⋅ Aug 7, 2020 5:52 PM

@Kikaha, soon to say.

It did pull back to the edge of previous ascending channel.

If it loses 360$ then i think a further 10% down to lower bound would be likely.
Again, that's blind speculation for now. Too early.
Let's look at Bitcoin.