ETH/BTC; my notes for long-term
First of all, this chart is a chart with many questions but no answers. The 4-year support did not work, so is this a turning point; there is no answer. No conclusion can be drawn from the RSI. All resistances are extremely strong above.
Therefore, in order to draw a conclusion from this chart, it should be compared and interpreted with other charts such as btc.d, eth.d, eth/sol, others.d.
Accordingly, I believe these areas are bottom support, the formations that will occur here are important. I hope it starts trying the upper levels without waiting too long.
When 038 is gained and enters the upper region, it will have entered the safe zone, but the most important resistance it still needs to overcome is 070-084. If this level is exceeded, we can talk about 11-20k levels in Ethereum and significant increases can be experienced in altcoins. If this level is not exceeded again, as in the past, the increases in altcoins will not be satisfactory that will not make us happy at all.
Not investment advice.
Therefore, in order to draw a conclusion from this chart, it should be compared and interpreted with other charts such as btc.d, eth.d, eth/sol, others.d.
Accordingly, I believe these areas are bottom support, the formations that will occur here are important. I hope it starts trying the upper levels without waiting too long.
When 038 is gained and enters the upper region, it will have entered the safe zone, but the most important resistance it still needs to overcome is 070-084. If this level is exceeded, we can talk about 11-20k levels in Ethereum and significant increases can be experienced in altcoins. If this level is not exceeded again, as in the past, the increases in altcoins will not be satisfactory that will not make us happy at all.
Not investment advice.
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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.