BTC + ETH - How Low Can We Go
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Hello friends, today I am showing you a multi-month trendline that has supported Bitcoin (BTCUSD) and Ethereum (ETHUSD).
#CryptoPickk notes the following:
1) The trendline has supported both Bitcoin and Ethereum price since the beginning of the bull market and it has re-tested the trendline before making the next move upwards.
2) Since July 2021, the price has moved up significantly from the trendline and with the current economic conditions and markets crashing, it may be a chance for the price to touch the trendline again.
3) The price target on this 1W chart has been noted for both Bitcoin and Ethereum. Bitcoin would be around 38K and Ethereum would be around 2.5K. These are just estimated targets based on the trendline. Prices may consolidate and be higher by the time it touches the trendline.
4) If you are considering buying the dip, be a bit cautious.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
#CryptoPickk notes the following:
1) The trendline has supported both Bitcoin and Ethereum price since the beginning of the bull market and it has re-tested the trendline before making the next move upwards.
2) Since July 2021, the price has moved up significantly from the trendline and with the current economic conditions and markets crashing, it may be a chance for the price to touch the trendline again.
3) The price target on this 1W chart has been noted for both Bitcoin and Ethereum. Bitcoin would be around 38K and Ethereum would be around 2.5K. These are just estimated targets based on the trendline. Prices may consolidate and be higher by the time it touches the trendline.
4) If you are considering buying the dip, be a bit cautious.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Nota
This idea on both BTC and ETH are in motion.
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