Updated

ETHBTC 2 possible directions

Here's an ascending triangle formation for ETHBTC and it seems like Spoofy is playing ETH as of the moment which is bad for its growth. Expect ETH to rise slowly because of price manipulation. (I love new coins because price manipulation isn't visible.)

We have 2 directions:
1. Up - it seems to me that the supply zone above the top of the triangle is weakening. So we could retest the next supply zone which is stronger than the 1st one.
2. Down - If selling pressure will overcome buyers then expect ETH to go down. If BTC goes down, ETH will go down.

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Are we reversing or not? Stoch RSI seems to indicate a reversal but the candlesticks don't say it's happening soon.

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Exceeded my expectations. I took profit at .091 but could go higher

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Wrong chart in the previous update

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Ethereum is going down to support levels. Should be going up soon before the August 16 Bitstamp launch of ETH.

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Hit the major uptrend support trendline

Must not go lower than the yellow line to confirm if this is a bottom reversal

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I bought ETH

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Expected gains at 10%

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Must stay in demand zone for quite some time if ETH wants to push the price up

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I'm sorry guys. I didn't anticipate BTC's lift off today would gravely affect the altcoin market. Once BTC settles down at a specific price level, then the trading volume should go back to the alts.

I see a formation and this is how it looks like.

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we have a buying signal!!

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Spring formation here. Accumulation and whales are gradually buying

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bullish divergence spotted in both RSI and LSMA

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are we going out of this rut? there's a green hammer candlestick.

clydeuscope

Related publications

ETHBTC waiting for a big move

by clydeuscope

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