We are seeing BTC go up and ETH is doing exactly the same... Let's look at the signals here.
For Bitcoin , we looked at on the and as the main signal, you can see it here:
For Ethereum , ETHUSD , the with the is much stronger, you can see it marked with purple lines on this chart.
The divergence is not present on the , but we have the pattern, where the candle on the right completely covers that on the left.
We also have really high , the biggest bar for ETHUSD on the since June 2019.
The signals are out... Ethereum is about to produce a very nice run, according to the signals coming from this chart.
Conditions for change
Charts are always changing... Every 24 hours a new candle is printed and everything can change. If ETHUSD losses momentum and starts to move lower, the above signals can become invalid and a new analysis is needed. Right now the chart is extremely , but make sure to always have a plan before jumping into any trade.
Thanks a lot for reading.
This is Alan Masters.