My first neutral idea.
ETHBTC looks like it may need a significant correction soon, so this lowers the gain ETHUSD will likely have if BTC pumps. So you should be better off with a BTC long if you are bullish instead. There is also a bearish rising wedge pattern on the chart. The ETHBTC rising wedge has already broken down.
ETH does have a 0.99 correlation with BTC, so it will still hit higher highs if BTC does, but ETHBTC might not.
Here is the ETHBTC chart & my prediction. It is just a wild guess.
Thanks for viewing!
ETHBTC looks like it may need a significant correction soon, so this lowers the gain ETHUSD will likely have if BTC pumps. So you should be better off with a BTC long if you are bullish instead. There is also a bearish rising wedge pattern on the chart. The ETHBTC rising wedge has already broken down.
ETH does have a 0.99 correlation with BTC, so it will still hit higher highs if BTC does, but ETHBTC might not.
Here is the ETHBTC chart & my prediction. It is just a wild guess.
Thanks for viewing!
Nota
Keep in mind Bitfinex will have a maintenance in the next 24 hours and Binance could pump it then. in that case ETH will probably rally higher.Nota
Short term probably going to bounce.
Dagangan ditutup: sasaran tercapai
Boom. 15%Nota
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Penerbitan berkaitan
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.