Logarithm. 1-month timeframe.
The entire ETH/BTC trend is shown to visualize the strength of Ethereum against Bitcoin.
A huge triangle has formed within the main trend.
The price is within the formation, currently forming a “Ross Hook” at the median, below the local descending trendline.
The key reversal zones from which the trend will form are shown.
A breakout of 0.035 means reaching the triangle's resistance. A breakout of this resistance is generally positive for the market and altcoins. Typically, when ETH is being pumped, a large group of its altcoins are also pumped.
A failure to break the local descending trendline and the local resistance level is a price drop into the lower zone of the triangle, towards its dynamic support, and a return movement to the triangle's resistance.
An extremely negative scenario (unlikely), a breakdown of the dynamic long-term support of this huge triangle, and a move of the ETH price to the channel's median. This is a low-probability scenario, but in the event of its realization (a downward breakout of the triangle), I've shown a descending channel.
The entire ETH/BTC trend is shown to visualize the strength of Ethereum against Bitcoin.
A huge triangle has formed within the main trend.
The price is within the formation, currently forming a “Ross Hook” at the median, below the local descending trendline.
The key reversal zones from which the trend will form are shown.
A breakout of 0.035 means reaching the triangle's resistance. A breakout of this resistance is generally positive for the market and altcoins. Typically, when ETH is being pumped, a large group of its altcoins are also pumped.
A failure to break the local descending trendline and the local resistance level is a price drop into the lower zone of the triangle, towards its dynamic support, and a return movement to the triangle's resistance.
An extremely negative scenario (unlikely), a breakdown of the dynamic long-term support of this huge triangle, and a move of the ETH price to the channel's median. This is a low-probability scenario, but in the event of its realization (a downward breakout of the triangle), I've shown a descending channel.
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✅ Telegram. Сrypto trading only: t.me/+4Bux2Gd8Bo9hNTRi
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
✅ Telegram. Finance + Trading: t.me/+ajtMAB9qbF82ZmJi
✅ Telegram. Сrypto trading only: t.me/+4Bux2Gd8Bo9hNTRi
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/+4Bux2Gd8Bo9hNTRi
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.