Using a fib spiral and identifying the strongest trend on the chart we can discover where price reverted to a bullish state
Ethereum in my own opinion is ridiculously undervalued, any buy at this price is a steal
Keep adding while price is lower!
Trend - Upward
Pattern - Symmetrical triangle
LONG / SHORT - LONG
BINANCE:ETHBTC after the fall is now on the road the recovery and have entered an upward trend. So far things looks positive.
If it continues to move in this channel then soon it should be able to break upper part of the triangle and should be able to reach R3 Zone easily.
Also EMA 25 has...
ETH/BTC, two friends who rise and fall together are now heading towards potential Double Top. However there are higher chances that ETH bounces off its support(black dashed line). If it breaks the support then there are higher chances that it will complete Double Top and will fall further.
Better to keep on your radar for next 1 hour and then we will will know...
A bullish case for ETH-BTC
Similarities in price action can be seen within the boxes
This is better shown on the log trend indicator
The 200MA is extremely flat, suggesting that it may rise rather than fall
Also the Ichimoku indicator shows that price has broken above the cloud, now the cloud will act as support for price rather than resistance, such as it did in...
Using more indicators
We can see similar MACD formations between these two price points (purple ovals)
Also similar price formations, with a common bounce of a MA line between the two
Evidence suggests that this wedge that has formed bullishly will break down, bearishly
A head and shoulders can also be identified on the RSI weekly chart
What I see on ETHBTC chart:
-Price broke horizontal support and now accumulating above it
-Huge head and shoulders pattern
Expecting price to rise after accumulation will be finished
Ethereum will have a bright future
Trade and invest safe😎
Hi guys..its the latest analyze chart of ETHBTC in weekly time frame.if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
Broadening Wedge with a clear 12345 structure completed
Further upward into the wedge is likely and a bullish breakout upwards out will occur, much similar to that had occurred to the smaller broadening wedge within.
This is the time to convert everything to ETHEREUM!!!
The head and shoulder pattern has finally broken above the resistance line of both the red and the white conservative line.
there might be a pull back to check it as support and then it is time to moon