ETHBTC WHAT IS NEXT ?
Hello Traders!
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- If we look on ETH with 1D time-frame chart we can see that a great impulse has started since 29 March ( golden cross ) on the demand zone 0.010$-0.020$
buyers took the price high till 0.083$ got rejected on this resistance level . After our first impulse movement, we are currently in a correction phase in the shape of an ascending triangle since 14 May.
- In order for a second impulse move we need to see a strong candle close above gray zone 0.083$, if buyers failed to push the price higher we might see a rejection towards last support level on 0.075$ - 0.077$.
-Note that ETH is showing strength, compared to BTC
-While BTC was trading inside a falling channel on Daily, ETH is holding its ground.
-We need to see ETH going upward in order for the alts to perform very well while BTC holding its ground.
Thank you, good luck Traders!
- Please push the like button if you like the content or drop a comment to share your idea!
- If we look on ETH with 1D time-frame chart we can see that a great impulse has started since 29 March ( golden cross ) on the demand zone 0.010$-0.020$
buyers took the price high till 0.083$ got rejected on this resistance level . After our first impulse movement, we are currently in a correction phase in the shape of an ascending triangle since 14 May.
- In order for a second impulse move we need to see a strong candle close above gray zone 0.083$, if buyers failed to push the price higher we might see a rejection towards last support level on 0.075$ - 0.077$.
-Note that ETH is showing strength, compared to BTC
-While BTC was trading inside a falling channel on Daily, ETH is holding its ground.
-We need to see ETH going upward in order for the alts to perform very well while BTC holding its ground.
Thank you, good luck Traders!
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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.