Hello, Skyrexians!
It's not a top secret that Bitcoin dominance is about to finish the uptrend and it can give the second life to
ETHUSDT . We have already seen the bounce, but now asset is struggling to break through $2600. We can really see small correction in the upcoming week, but finally uptrend has been already confirmed.
Let's take a look at the weekly chart. I marked the Elliott waves structure for you and in my opinion now price is printing the wave 3. At the bottom there was a green dot on Bullish/Bearish Reversal Bar Indicator [Skyrexio] which is huge confirmation of the bull run. The target for wave 3 is 1.61 Fibonacci at $6500. Anyway, please take into account the second scenario, when BTC dominance will reach 67% and ETH will retest the low (wave 5 in C). Now I have 50/50 probability, but anyway if you bought alts at the 65.3% dominance your deposit will not suffer significantly.
Best regards,
Ivan Skyrexio
___________________________________________________________
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It's not a top secret that Bitcoin dominance is about to finish the uptrend and it can give the second life to
ETHUSDT . We have already seen the bounce, but now asset is struggling to break through $2600. We can really see small correction in the upcoming week, but finally uptrend has been already confirmed.Let's take a look at the weekly chart. I marked the Elliott waves structure for you and in my opinion now price is printing the wave 3. At the bottom there was a green dot on Bullish/Bearish Reversal Bar Indicator [Skyrexio] which is huge confirmation of the bull run. The target for wave 3 is 1.61 Fibonacci at $6500. Anyway, please take into account the second scenario, when BTC dominance will reach 67% and ETH will retest the low (wave 5 in C). Now I have 50/50 probability, but anyway if you bought alts at the 65.3% dominance your deposit will not suffer significantly.
Best regards,
Ivan Skyrexio
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
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.