Ethereum (ETHUSD) Looks like a correction down is coming.

7 Oca 2019

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!

7 Oca 2019

Not

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.

7 Oca 2019

Not

Short term probably going to bounce.

11 Oca 2019

İşlem kapandı: hedefe ulaştı

Boom. 15%

11 Oca 2019

Not