Hello my friends,
As you remember last ETH analyse of mine i mentioned there that BTC have much more influence on ETH than many other Alts in marketand agter that we saw that just with a little stop in BTC, ETH dropped all the way down to its support,like a machine that have just 2 button, ON/OFF.
Now as BTC started to try for gaining more we see that ETH start to climb to that heavy resistance above.This kind a volatility and different areas with lot distance in ETH can be dangerous for it,specially if BTC decide to drop little more(i expect it and will mention in my new BTC update).
We talked in one of my ETH ideas that opposite of BTC in last downward,ETH didn't print a new low in chart but with this new behavior if BTC start a new downward in near future i expect more painful downward in ETH,but it's soon to talk about it,now we need to break that resistance first of all and hold support bellow.
We have Bullish cross over in MACD 4H and Bullish reversal in RSI too.In another hand EMA50 show itself as a resistance now and we need to cross from it soon.
Again like always it's up to BTC that which way ETH decides to go.
I will update this as soon as i find new signs.
Good Luck.
As you remember last ETH analyse of mine i mentioned there that BTC have much more influence on ETH than many other Alts in marketand agter that we saw that just with a little stop in BTC, ETH dropped all the way down to its support,like a machine that have just 2 button, ON/OFF.
Now as BTC started to try for gaining more we see that ETH start to climb to that heavy resistance above.This kind a volatility and different areas with lot distance in ETH can be dangerous for it,specially if BTC decide to drop little more(i expect it and will mention in my new BTC update).
We talked in one of my ETH ideas that opposite of BTC in last downward,ETH didn't print a new low in chart but with this new behavior if BTC start a new downward in near future i expect more painful downward in ETH,but it's soon to talk about it,now we need to break that resistance first of all and hold support bellow.
We have Bullish cross over in MACD 4H and Bullish reversal in RSI too.In another hand EMA50 show itself as a resistance now and we need to cross from it soon.
Again like always it's up to BTC that which way ETH decides to go.
I will update this as soon as i find new signs.
Good Luck.
