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.
Anmerkung
The same long-term growth potential remains valid based on the current chart.If support holds (light orange), expect ETHBTC to move higher.
Namaste.
Anmerkung
Patience is key.We continue 100% bullish on ETHBTC.
We keep the same market bias.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.