ETHBTC ~ 1W 📈 #ETHBTC It's quite interesting to place small purchases here, make purchases gradually with a minimum target of 20%+
It has been more than 5 months (October 07 2023, see chart below) since we last published our view on the ETHBTC pair, when we discussed that the 2022/ 2023 Channel Down was a matter of time to reverse as soon as it would hit the Higher Lows trend-line of 2019: As you can see, the pair started to trend upwards after touching the Higher Lows trend-line on the...
ETH/BTC Is not looking good ⚠️Lost Diagonal Support ⚠️Lost 200 Week Moving Average ⚠️Lost June 2022 lows Could we see a repeat of the last cycle with a dip into the blue zone for 10 - 12 months with a 30%+ decline? I suspect a shorter timeframe, what do you think? CRYPTOCAP:ETH CRYPTOCAP:BTC PUKA
Based on the given market data, we can see that the ETH (Ethereum) is currently trading at 0.05368 against BTC (Bitcoin). From a technical analysis perspective, the 4-hour Relative Strength Index (RSI) stands at 38.41, indicating that the asset is approaching the oversold territory. The Moving Average Convergence Divergence (MACD) on the 4-hour chart is at...
The ETHBTC pair is trading within a Channel Down pattern on the 1W time-frame, with the 1W MA50 (blue trend-line) its key Resistance basically since the March 2023 sell-off. What's new though is that after this week's bearishness, it is approaching the 1W MA200 fast. This coincides with the ETH's previous Bear Cycle bottom. That could be the test level before the...
W Formation has formed on the ETH/BTC pair. There is also an Ascending Triangle, with higher lows and same highs. We are near the neckline where the price is quite likely to break up and out of. We have other signs like 7>21 MA Price>200 MA RSI>50 Target is for the ETH/BTC to head to 0.08 For those that don't know how it works... HOW ETH/BTC works ...
My expectation is that the alt season has started but it won't last long. Growth will be but not for all coins. My recommendations: Do not buy old projects 2018-2020 Give preference to new projects 2021-2023 Place take profit with a ladder When the price ETH\BTC reaches 0.75-0.77, reduce the positions to 80% The information provided here is for informational...
The ETHBTC pair has been trading within a long-term Falling Wedge pattern since September 2022 and currently it is testing its top. This is also where the 1W MA50 (blue trend-line) is, so we can potentially have a double bullish break-out. The 1W RSI has already broken above its 9-month Channel Down, issuing the first signal. If the price does break and close...
The ETHBTC pair has been trading inside a Triangle pattern for almost a year (since the June 13 2022 Low). For the past 3 weeks the 1D MA50 (blue trend-line) has been supporting while the 1D MA200 (orange trend-line) has been the Resistance since January 21 as the price has failed to close a 1D candle above it (having 3 clear rejections on it). The key difference...
This might be an UNPOPULAR opinion... But I think holding $ETH is crazy right now. I'm building a big short position on ETH vs BTC chart. Let's retest the demand zone & blue trend line, this will make me a buyer of $ETH for the longer term. #ETHBTC
The ETHBTC pair has been trading within the 5-month Higher Lows Zone for the past 5 days, tight also within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). All this while it remains bearish below the Lower Highs trend-line that started on the September 07 High. The 1D RSI is rebounding off its 3-month Support Zone, so technically we should see a...
This is yet another chart on the 3D time-frame, which time after time has proved to be reliable in catching medium-term price trends. This time on the ETHBTC pair, the 3D MACD just formed a Bearish Cross. As you see, since the June 06 2021 candle (so more than a year), every such formation (with the exception of August 20 2021) was a sell signal. I have pointed...
This is the ETHBTC pair on the 1W time-frame where it's shown trading within its long-term trading pattern, a Triangle. On the August 08 1W candle it tested the top (Lower Highs trend-line) for the second time and after pulling back for two weeks, the current candle is again on the verge of hitting it. Can it break this time? Well, the same Higher Highs formation...
Past Performance of ETHBTC ETHBTC remains within a sideways movement following a bear breakout formation on April 18. Technically, BTC bulls have the upper, a development that may spark more capital inflow, especially in a dicey crypto market. With ETHBTC boxed below0.075 BTC and ranging below the middle BB, the path of least resistance could be southwards in the...
I think it's complete 5 waves and it will have correction to complete wave B of D, so after that it will grows to up.
These two are similar in many ways. During last Feb-Mar price was coming down; I was expecting it to finish a curved triangle pattern at 0.025 area. But it didn't. This time again, after deviation above the range(0.077-0.6), it should come down to 0.6. But it didn't. If this will play out, it can take this pair back to its ATH in the 0.14 area.
The price break out the falling line and it look like double bottom. it could be new impulse wave or wave D of 4.
Angles can be drawn between two earlier top points and two latter top points that have arisen in the recent bull move They are very similar in structure just on different scales