As you can see ETH/BTC has been following this two years downtrend line, but finally, it did break above it and perhaps we just confirmed it as support now.
We do have a higher low forming and possibly with the upcoming DeFi projects which are built on ETH we can be having a trend reversal and start making higher highs and higher lows in 2020.
This chart does not show it, but since inception, ETH is always having a local bottom in December, so keep that in mind too.
In yellow, I have also outlined the biggest horizontal levels of this pair.
It's possible that we are now in a great buying opportunity.
We do have a higher low forming and possibly with the upcoming DeFi projects which are built on ETH we can be having a trend reversal and start making higher highs and higher lows in 2020.
This chart does not show it, but since inception, ETH is always having a local bottom in December, so keep that in mind too.
In yellow, I have also outlined the biggest horizontal levels of this pair.
It's possible that we are now in a great buying opportunity.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.