b_chain

An update to ETH's possible Wolf's formation

BINANCE:ETHUSDT   Ethereum / TetherUS
looks like we may enter a Sweet zone (green block- abt 168-170 eth/usdt) tonight to make a clear Wolf's formation. From that area we will rise to our targets.
Trade active: hmm, I didn't think it will so uncomfortable at this sweet zone... But, Here we are: the volume for last 24hours in eth - 7,4 billion vs 18.3 billion for BTC (as per coinmarketcap). Quite a High volume given that the ETh's current cap 18 billion vs BTC's cap 170 billion (or almost 10 times less!). RSI is in oversold zone. Well, there is still a place to dip ... lets see if it is enough fear for now ) lets have a break: go ETH, go :)
Trade active: Well, it takes a bit longer to follow the path, but we are at nice set up. we tested several times a green sweet zone, broke up descending triangle, RSI (at 4hours) is not at high levels yet (abt 60) so we still have place to go up. And ETH has started to react to BTC moves not in very correlated way. I still remember times (years ago :) ) when ETH and BTC moved in opposite directions : we moved from BTC to ETH and back.
1st target - 200 (hopefully to be reached with momentum)
2nd - 211.

Related Ideas

Well, it takes a bit longer to follow the path, but we are at nice set up. we tested several times a green sweet zone, broke up descending triangle, RSI (at 4hours) is not at high levels yet (abt 60) so we still have place to go up. And ETH has started to react to BTC moves not in very correlated way. I still remember times (years ago :) ) when ETH and BTC moved in opposite directions : we moved from BTC to ETH and back.
1st target - 200 (hopefully to be reached with momentum)
2nd - 211.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out