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.
✅ 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
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
✅ 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
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.