ETHBTC is looking for a place to push itself to new highs The 100MA on this timeframe is a nice starting point for price to return to the bullish side
Its 50% FIB area and this area is bottom of the previous wave 4. just wait for react on small triangle to have position
I am less bearish on ETHUSD then BTCUSD, and this means that the ETHBTC price may move higher above 0.0900 in the medium-term. we are well protected down side 0.0760 and we failed below 0.0800 even. Strategy is BUY current 0.0810 for a move to 0.0900 > medium-term. Stop-loss below 0.0750 for now.
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Its completely pullback and i think it goes up as soon as possible, so it show us ETH is ready to start new wave.
ETHBTC can be seen to have undergone a golden cross and currently is breaking out bullishly of a level that has been previously been seen as a resistance in prior cycles I am very bullish on ETHBTC
I am still preferred buy ETHBTC as we are well above the support 0.07660. There is some downward pressure, but should be limited Buy 0.0800-0.0790 for move back 0.0900. Stop-loss 0.0750.
We have so far not moved much higher, but we are still within the regression channel range. Further, DARK MOON phase, but conflicting stochastic RSI (negative). It feel still we may see much higher back towards 0.09000 medium-term. buy current 0.0820-0.0835 for move to 0.0900 and keep stop at 0.0790.
I think wave 2 of 5 is complete and the price will start wave 3 of 5
We have reached the objective 0.0798, and now it feels we are oversold. Further good support 0.770 suggest we should be buying 0.0780-0.0795 area for move back towards 0.0875.
Trading Signal: A Trading Signal is seen in the ETHBTC Traders can open their Buy Trades NOW Rank : ⭐️⭐️ ⬆️Buy now or Buy on 0.08090 ⭕️SL: Close below 0.07685 🔵TP1 @ 0.08990 🔵TP2 @ 0.10130 🔵TP3 @ 0.11505 previous signal If you liked our ideas, please support us with your likes 👍 and comments
On this chart I have used Fibonacci Circles and the Gann fan tool to create trends and alignments that only are seen when using these tools The key takeaway from this in short, is the trend alignment along the bear circle and the bull circle, placing the current bull formation directly above it Also, using prior dates regarding bear run beginnings and bullruns we...
An idea for ETHBTC showing the interactions between the fib circle levels established from the strongest down and up trend interactions in white It looks like price is forming a semi-bullflag looking structure after its first bull move in this cycle More to come
when we look at ETH/BTC price, the price is still in consolidation, if the price breakout the Upper Resistance, we will see Alt Season, my prediction is about next month we will see Alt season
Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. ETH Broke out of the channel and is currently retesting the resistance turned support. I expect two scenarios here. Either we start pumping from here or...
Looking at ETHBTC we can see a large triangle or similar to a bullflag This could breakout nicely upwards which I think it will The other scenario however is that this is a top formation and the two squares both indicate points of a double top I am very bullish on Ethereum with Visa's involvement
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.0695). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETHBTC is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...