ETHBTC: Ethereum acting strong
Aggiornato
Ethereum is holding above the recent uptrend's mode, or 'accumulation level'. Despite the downside acceleration of the past few days, and rising volume, sellers are trapped again, and price is back above resistance. If it holds here, and accelerates out of this level, we'll get a second rapid uptrend leg. It could happen now, which it'd have to happen by tomorrow, or it can take a couple weeks, in which case the red bars' scenario would probably pan out.
ETHBTC has a lot more room to the upside, unlike ETHEUR or ETHUSD, which demand sideways action for 2-3 months, so, this makes me think probably ETH will continually outperform BTC's advances, while both grind sideways/up. I don't think BTC will drop anymore.
Good luck,
Ivan Labrie.
ETHBTC has a lot more room to the upside, unlike ETHEUR or ETHUSD, which demand sideways action for 2-3 months, so, this makes me think probably ETH will continually outperform BTC's advances, while both grind sideways/up. I don't think BTC will drop anymore.
Good luck,
Ivan Labrie.
Nota
Path #1 is discarded:Nota
Very strong accumulation here.Nota
Running out of time for a move respecting the support here.If not, we'll grind sideways in a small range for a few more weeks.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.