ETH/BTC ETH broke outside the downward resistance and made a higher low for the first time. There is also a potential double bottom pattern formed between 17200 sats area as the price already showing sign of reversal on this 4-hour timeframe. We may see ETH pullback to the support zone to confirm the old resistance turning into new support before continues its...
ETH/BTC ETH broke key support from 20000 sats area and now testing the 0.786 Fib level including the 1st higher low formed last September. RSI hit extreme oversold during its drop, there is a high probability to have a reaction rally from this area to form a daily lower high.
ETH/BTC ETH broke support at 19600 sats level and testing the previous swing low and the 0.618 Fib level too. RSI is getting closer to an oversold condition. If the price can hold this level for a couple of days, I expect a minor pullback to the upside to form another lower high.
Looks like a death cross to me, sitting above the downward trend line, death cross may push price down to this trend line and form a new support. Also making consistent higher lows, which is a bullish sign. Sentiment looks mixed imo at the moment. Give me some coins you would like to see!
Double top and a fractal, clear downtrend on 4 hour and on various other time frames, 0.88 regression downtrend, quite strong. Outbreak may occur once higher low is produced on daily timeframe, or fib level 0 is reached on 4 hour chart. Thanks for viewing my analyses.
ETH/BTC broke down the trend line and formed a double top pattern. with these all, I think ETH seems bearish.
possible mitigation of 1h candle, to fill up an imbalance at 0.020 satoshis
"In the name of Allah, the Most Gracious, the Most Merciful". ETHBTC Next Possibility Move Note: This is only for Educational Purpose this is not Investment advice. "Pain is silence" Thanks Adil Khan.
ETH at strong resistance with bearish divergence, very beautiful setup for ETH short 1:5 ratio
$ETH - $BTC Not looking good at all. If we lose the POC level that we're currently at, the next area I'd be interesting in longing is at 0.0108. Be careful.
red line on chart has turned from support to resistance (for the time being). looking for a drop down to the first green box and if that does not hold, could see more downwards movement to the second green box; both areas would be good opportunities.
This could be one of the scariest scenarios for ETH, according to TA a descending triangle projects a target measured from the top of the triangle down to the base. That distance measured, is subtracted from the base down to the projected target. If this descending triangle does come to fruition, ETH could drop down to ~0.0038 sats...
ETHBTC is going to start a huge breackdown as MA crossings, divergence and aroon are all bearish! BTC dominance is also increasing, meaning alts will suffer for now, and so ETH will.
$ETH $BTC If it can't reclaim the POC as support, and $BTC ends up breaking upwards even further (10K mania), I think it's reasonable to think we could test the bottom of the range again at green.