The title really says it all. ETHBTC within a 3 week horizon, broke 2 major barriers and the future looks brighter than ever.
This chart is on the 1W time-frame and as you see the current candle just broke above the Channel Up that started back in late 2019.
2 weeks ago the price broke above the 4 year Lower Highs trend-line which has been a Bear Cycle's...
As we look at the ETH/BTC chart, we see a very large consolidation pattern very similar to Bitcoin before it broke out from its 3-year symmetrical triangle consolidation pattern. ETH looks to be setting up to make a very large move, in the not-so-distant future. We see the same symmetrical triangle with a well-defined inverted head & shoulders pattern that could...
Ethereum is still the most important chart for alts traders at current market. While BTC doing its dirty choppy business ETH is building higher lows and highs.... and every time it does it again the whole market gets another portion of bullishness. My target zone stay the same - 53500-56000. Above will be 64000 and 71000 from the same historical period.
Price bounced from the strong support line. Considering that the altcoin season starts - I expect growth of ETH/BTC. Another correction to the support level is possible.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best...
If the MACD is crossing the signal in the next hour we enter a bullish trend.
The RSI is also low, which indicate an Oversold asset.
Even though the market as a whole is down, ETH might be a bit less bearish than Bitcoin which could lead to an increase in the price of ETH/BTC.
Hi guys..its the latest analyze chart of ETHBTC in 1H time frame(folowers Requested analysis) .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
Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins!
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.
The greater pattern of ETHBTC has been a Triangle since mid 2017. Yesterday the pair made contract with the pattern's Lower Highs trend-line for the first time since February 03, 2018! Also the 1D RSI is entering its 4 year Resistance Zone. Every time ETHBTC hit those levels, it pulled back to at least the 1D MA50 (blue trend-line).
Is it time? What do you...
I will not go into very deep details, but, if you make a comparison, you can clearly see that in a bullish bitcoin/crypto scenario ETHBTC tends to rise and in a bearish move is falling.
In my recent bitcoin analysis, I said that I expect the price to reach 50k or above , so we have this bullish scenario (at least in my opinion).
Now, analyzing strictly EthBtc...
This is Ethereum's month by no doubt. It's strong start on the 1st month of the year made me look again at ETHBTC on the monthly (1M) time-frame and I found a very interesting pattern.
It appears that we have completed the Inverse Head and Shoulders, which started at the end of 2018. Such patterns are technically signs of a trend change from bearish to bullish....
Back in August I published a warning on ETHBTC, warning traders that it was time to ease on Ethereum as seen below:
My reasons were more than obvious and had to do with the price nearing not just the 1W MA200 but also the Lower Highs trend-line, the 0.382...