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Thanks for stopping by my chart & idea.
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Looking at this from a long term perspective i see potential for large gains.
The chart itself looks quite bearish tho!
But, on the 1D we can see that we are starting to make a divergence on the RSI,
This coupled with the trend we have seen lately I'm expecting a bit of a rally for ETH against BTC.
The chart is pretty self explainatory, if you zoom out you can see the relevant trendlines for the 1D that i have drawn out.
Have a nice day
Thanks for stopping by my chart & idea.
If you like the content, please don't forget to press that like and subscribe button!
Looking at this from a long term perspective i see potential for large gains.
The chart itself looks quite bearish tho!
But, on the 1D we can see that we are starting to make a divergence on the RSI,
This coupled with the trend we have seen lately I'm expecting a bit of a rally for ETH against BTC.
The chart is pretty self explainatory, if you zoom out you can see the relevant trendlines for the 1D that i have drawn out.
Have a nice day
Note
Price is dipping below the trend.I'm buying at these attractive levels.
Below we can see that it made a dip right below this trend before and I'm seeing a stronger likelyhood that we will bounce here. BTC will dip and as it's overextending now, then alts will have their time.
Note
Double bottom, we have bullish engulfingTrade closed: stop reached
0,33 level proved to strong while BTC is rallying like this
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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.
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.