eth/btc chart and finding support again but this time with a head and shoulders pattern! the 200 weekly moving average (red line) is right at a support and is in confluence of this target breakdown! if this breaks down btc will hold up better then eth.
First things first,
Fundamentals and supply and demand are the two major driving forces of price in any specific market.
When talking about fundamentals, Ethereum is far ahead of the heard when it comes to:
-Web3 & Decentralization: Ethereum is arguably more decentralized than Bitcoin (why you may ask) because there are more gas fees in $ terms everyday. That...
Here is what i think we gonna head in the next days in the market…i will also post a chart on BTC dominance and i believe if ETH losses this trend line we are likely to see bleeding of alts against BTC and that will eventually increase the BTC dominance in the market which has a much better looking chart and potential to increase.
Based on market sentiment and...
I bet that this zone will be squeezed, it's a retail trendline after all, liquidity is below. I'll switch bullish-maxi on ETH after this 35%. Might not happens ofc.
Ethereum's ratio to Bitcoin has been consolidating for nearly 13 months (left). In 2018, Stellar Lumens (right) consolidated against Bitcoin for roughly 11 months before dropping off a cliff. Will the same happen to ETH here? It will need to maintain the uptrend, held since 2016. Any larger decline from here will result in a breakdown from this channel, which I...
Uptrend. After the breakdown of the consolidation resistance, the price forms a range between 0.07596 and 0.07328. The price is accumulating energy for a possible further movement
After the extreme test of resistance 0.07596, the price returns to a near resistance retest and consolidates near the level, gaining energy for growth
I assume a breakdown of resistance...
imo eth/btc has been holding well and we have a massive ascending triangle pattern which is the blue triangle.
inside of the ascending triangle pattern we have formed a bull flag, i have measured the target of the bull flag which is the upper resistance of the ascending triangle
We have a decent looking Slanted Head and Shoulders Pattern developed on the ETHBTC pair that could take us down to the next support at 0.01 BTC while at the same time the USD pair looks to want to see $600
We published ETH analysis back in March 2022. Back then we did the analysis not because we wanted to trade it but because we wanted to verify our hypothesis. We would say, it kind of verified our hypothesis.
What happened was ETH broken above our fibonacci extension golden pocket and touched the fib speed resistance fan 0.618 line. After that it comes back to our...
Yeah! I told you guy I will be posting candidates that are likely to outperform BTC, Here you go:
ETHEREUM is showing a 'BUY ME LIKE CRAZY' signal.
Entry is still good as at the time of this alert.
Remember to like, share and follow for more timely updates.
Ethereum will grow strong vs Bitcoin, or so this chart is saying.
We can see bullish consolidation above EMA100.
The MACD for ETHBTC is now on the bullish zone while the RSI is super strong sitting at 63+.
The downtrend that started in Dec. has been broken after a higher low...
You can find the targets on the chart in yellow.
This will be a nice one.
Thanks...
I think that ETH/BTC could be playing this upward channel. Price now being at the bottom of this channel (close to lower edge), plus the white downtrendline has been broken. I see possible backtest of the white downtrendline and then move up. So for me buying ETH for BTC makes sense and also alts should be good to go. Target would be top of the channel...
◻️ETHBTC I expect the annual trend to break.
◻️If you take it apart from the technical side: I would not consider this asset now, after the trend breaks. Exceptionally short.
- Input: 0.068
- Take profit: 0.062
- Stop loss: 0.071
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