ETHUSD
As ETH continues to consolidate it's started to form a new pair
of parallels at a less acute angle but it's holding up and
making higher intermediate highs as it does so.
The medium term trend remains positive whilst it continues to
hold up off the lower parallel on all retests (the recent low
was off the previous rally high)
But in the near term it's struggling under the 765 line after a
high at 768.
Without Bitcoin to give it a boost it can move sideways to
down for awhile inside the two blue lines on the chart and
towards the lower parallel given enough time.
But so long as it continues to hold the medium term trend
remains positive.
ETH nevertheless remains tied to Bitcoin's boot-straps.
In the nearer term Bitcoin needs to break above 9400
to help ETH power higher through 768.
And on downside Bitcoin has to break below 9300 to send
ETHlower towards the 741 line and another meeting with
the parallel.
As ETH continues to consolidate it's started to form a new pair
of parallels at a less acute angle but it's holding up and
making higher intermediate highs as it does so.
The medium term trend remains positive whilst it continues to
hold up off the lower parallel on all retests (the recent low
was off the previous rally high)
But in the near term it's struggling under the 765 line after a
high at 768.
Without Bitcoin to give it a boost it can move sideways to
down for awhile inside the two blue lines on the chart and
towards the lower parallel given enough time.
But so long as it continues to hold the medium term trend
remains positive.
ETH nevertheless remains tied to Bitcoin's boot-straps.
In the nearer term Bitcoin needs to break above 9400
to help ETH power higher through 768.
And on downside Bitcoin has to break below 9300 to send
ETHlower towards the 741 line and another meeting with
the parallel.
Nota
ETH Closer
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.