It's very early days however ETHBTC is shaping up to look like a bit of a cup and handle pattern. definitely one to keep your eye one. I have been accumulating ETHBTC while it has been low for the last month and we have seen a large amount of sideways price slowing down the negative momentum of the chart.
If it is building to a cup and handle, another thing to be watching is buy and sell opportunities as the cup wall builds and of course pre-handle sell and handle bottom buy to try and snatch a couple more coins.
As said very early to be calling this but i like the setup proceeding it and i think the king of the alt coin world will be readying for a monumental period, following the BULL runs of legacy coins such as; LTC XMR DASH
obviously trade active at handle break out
watch your charts
watch your news
stay vigilant
happy trading ladies & gentlemen!
the trading tradie...
If it is building to a cup and handle, another thing to be watching is buy and sell opportunities as the cup wall builds and of course pre-handle sell and handle bottom buy to try and snatch a couple more coins.
As said very early to be calling this but i like the setup proceeding it and i think the king of the alt coin world will be readying for a monumental period, following the BULL runs of legacy coins such as; LTC XMR DASH
obviously trade active at handle break out
watch your charts
watch your news
stay vigilant
happy trading ladies & gentlemen!
the trading tradie...
Note
Although the activity isn't followingg the image. It is shaping up nicely. Especially on a 1 day chart. Stay tunedNote
Note
i think we will see an upward movement at the end of this triangle followed by a fall to test new support and then buck up to form handle,even if cupp and handle don form ETHBTC has been showing the crypto world who's boss and it won't take long before it gives us a little somethin something
enjoy the future gains
Trade active
its shaping up nicely
i would be looking at points around .08390 - .084 for break out of traingle resitance and then 0.085 - 0.086 for handle breakout
stay vigilant ladies and gentlemen, i think we might be on here
the trading tradie...
Trade closed: stop reached
No handle breakout no good. Mark my words it won't be long until ethereum moves have to remember that the price of btc has driven a lot things down. Stay tuned for updates!Note
if we fall back below circle we may be looking at stepping down to bottom support
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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.