There is so much good information coming from this chart, that we will just ignore most of it and focus on the bottom line.
Ethereum vs Bitcoin | ETHBTC – LONG-TERM
➖ An amazing bullish wave took place here from 2019 through 2021.
➖ A major support level was established mid-June 2022.
➖ In January 2024, after 1.5 years or 574 days; this support level was tested and holds.
We have a candle marked, 8-Jan. '24. This is a reversal signal.
The current session, 12-Feb. '24, trades at a higher low compared to 8-Jan. and is now green and moving above EMA10.
We have a reversal signal and this week working as confirmation. It is still early though.
✔️ If the bulls follow through; if the blue trendline is broken or if ETHBTC moves weekly above 0.05680, we can expect higher prices long-term.
✔️ If there is a rejection and the June 2022 support breaks, we can expect the lower support level (0.04269) to be tested before any growth.
My interpretation of the chart mixed with current market conditions is saying that this pair is more likely to grow in the coming weeks and months rather then retrace.
👉 I am bullish on ETHBTC.
Namaste.
Ethereum vs Bitcoin | ETHBTC – LONG-TERM
➖ An amazing bullish wave took place here from 2019 through 2021.
➖ A major support level was established mid-June 2022.
➖ In January 2024, after 1.5 years or 574 days; this support level was tested and holds.
We have a candle marked, 8-Jan. '24. This is a reversal signal.
The current session, 12-Feb. '24, trades at a higher low compared to 8-Jan. and is now green and moving above EMA10.
We have a reversal signal and this week working as confirmation. It is still early though.
✔️ If the bulls follow through; if the blue trendline is broken or if ETHBTC moves weekly above 0.05680, we can expect higher prices long-term.
✔️ If there is a rejection and the June 2022 support breaks, we can expect the lower support level (0.04269) to be tested before any growth.
My interpretation of the chart mixed with current market conditions is saying that this pair is more likely to grow in the coming weeks and months rather then retrace.
👉 I am bullish on ETHBTC.
Namaste.
Not
The same long-term growth potential remains valid based on the current chart.If support holds (light orange), expect ETHBTC to move higher.
Namaste.
Not
Patience is key.We continue 100% bullish on ETHBTC.
We keep the same market bias.
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.