$ETH / $BTC- Critical support area
Here we have the ETH/BTC chart. It's reconfirming support (hopefully) at this 0.72 level. It broke out of its bull pennant and the convergance of this resistance line with the prior 2week high SHOULD offer pretty strong support. Otherwise it could capitulate lower to longer TF support around 0.07 and worst case to prior support at 0.065.
Since a break below 0.07 in my mind would signal an early end (or at least a temporary halt) to alt season, i suspect we are going to get a strong bounce here for ETH.
Below 0.7, I expect alot of $$ getting piled into BTC. Not a bad thing imho for continued bullishness in the space overall.
These are my personal notes for benchmarking. This is not financial advice. i am not a financial advisor. DYOR.
Since a break below 0.07 in my mind would signal an early end (or at least a temporary halt) to alt season, i suspect we are going to get a strong bounce here for ETH.
Below 0.7, I expect alot of $$ getting piled into BTC. Not a bad thing imho for continued bullishness in the space overall.
These are my personal notes for benchmarking. This is not financial advice. i am not a financial advisor. DYOR.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.