ETH/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
ETH/USDT looks bullish and as I told in bitcoin that bitcoin can bounce if bitcoin bounces then ETH/USDT can also bounce from here as well as old coin of USDT pair can also be pumped. eth/usdt support $2590k-$2650k and resistance $2899k-$2960k
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Ethbtclong
ETH/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
ETH/USDT is also conformed to a falling wedge pattern as I have seen in the 1-hour update
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
ETHBTC, Its ready to have some rises of altcoinsHello everybody
ETHBTC is one of the most important pair for the movement of total 2 and 3 because ...
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According to the chart, After we are ranging price in market today after unemployement rate reported the price impact to it and make new rally.
After the price was make breakwave and we need some pullback and we can take in position on any altcoins after pullback completed and we can wait until the target reach.
Please observe capital management and dont forget use stop loss
Good Luck
Abtin
Ethereum Breakout Against BTC Soon!!Looking at our ETHBTC daily chart we notice we have been slumping quite a bit against Bitcoin and have since formed a pennant, we are currently approaching the Apex point where we will see a forced breakout, we have about 3 days before that happens so the chance to breakout before is still there. A positive thing is that we are currently holding onto the 0.2 FIB level which is strong support and we also have a few more levels of support directly below us, we have the bottom of the pennant and then we also have strong support at 0.0733, all of these levels provide a good change to rebound to the upside. As for resistance we are looking at the 0.075 level and the top of our pennant, i will say it is very hard to determine where ETH is headed over BTC but i would confidently say we are much overdue for a reversal. Looking at the Stoch RSI we are on our way down after a bearish cross but the good news is that we have support waiting for us in the oversold zone, we almost everytime see a strong reversal out of this area on its own + we have a nice support level for a likely bounce, so this could mean we could be looking at a false downside breakout on price action before then rebounding back to the upside. Now same thing with the RSI we are still currently below the midline which means confirmed downtrend but we have just caught some needed support, we decide to break below this level we have another level of support coming in a bit lower, now this is where the false downside breakout also ties in! The longer outlook goal is of course to break above the 50. mark so we can reclaim a confirmed uptrend! Not financial advice just my opinion!
ETH/BTC is about ready for its next leg up.Since 2019 the ETH/BTC has gone from .017 to .09 at its peak in December (almost a 4x gain!)
This was due mostly to the rise of things like NFTs and Play 2 earn gaming, which almost exclusively use Ether to purchase/use. This is a trend I don't see cooling off in 2022.
For this reason and many others, I think Ether will only continue to appreciate against Bitcoin until the inevitable market cap "flippening".
As far as the charts go, we re looking at a beautiful corrective pattern beginning December 9th, with a smaller corrective pattern within it.
I think its likely that this is the bottom, but if not then its coming soon. Won't be long.
My First target is .10 but I see ETH/BTC hitting .15 or higher in 2022 with many corrections along the way.
ETHEREUM - $ETH/BTC - DeFi Frenzy Overtakes Crypto MarketDeFi Frenzy Overtakes Crypto Market
Positive price pressure on Bitcoin, and the crypto market as a whole, had been building for months since the COVID crash in March 2020.
All that was missing from kicking things over into an actual bull market was a narrative...
Well, it looks like crypto has found one at long last.
Decentralized finance
If you're new to the crypto space, then decentralized finance might feel exotic, strange, even futuristic. As anyone who has been around here long enough can tell you, decentralized finance has always been blockchain's core use case.
Need proof? For starters, Bitcoin is a decentralized financial system revolving around BTC, a peer-to-peer digital currency.
As you scroll down the list at CoinMarketCap or CoinGecko (if you're waist-deep in Uniswap tokens), almost anything you see can roughly be considered DeFi.
Cardano, Litecoin, Cosmos, Tezos, Chainlink, Ontology, Synthetix Network, Band, Solana, Matic, Harmony — the list goes on — and there is surely no need to mention Ethereum.
So, while the decentralized finance tag may not point to something new about crypto, it's created an umbrella that groups this whole crazy-digital-coins-thing into a very coherent narrative.
In markets, narratives are just as crucial as technicals. The two find deep correlation in positive and negative market cycles, with strong narratives always overlapping bull markets.
Previously, ICOs were responsible for an exuberant 2016-2017 bull market, and today, it's all about DeFi.
Beyond the hype
Unlike the ICO craze, DeFi is quite grounded in comparison. Many of these projects, like Compound, Maker, and Balancer, are rooted in genuine economics at work, presenting new and exciting ways to organize finances.
When, if ever, have you heard of instant, undercollateralized loans with no credit checks, as you can find on Akropolis? How about floating, high yields across crypto asset deposits, and totally new income streams via something called yield farming?
In 2008, Satoshi unleashed the BITCOIN whitepaper in response to the bailout of banks, rather than people, at the start of the Great Recession. Here in 2020, we're on the brink of another global downturn, and people are, again, not being bailed out.
When DeFi protocols like Yam distribute governance tokens with no premine, founder, or VC shares, giving everyone equal access to a community-allocated treasury, you start to feel that crypto is really on to something this time around.
Projects to watch
DeFi projects are flying onto Uniswap faster than is possible to keep up with. Far from being another shitcoin roulette, many Uniswap prospects have flown straight to the top with listings on Binance, Huobi, and Coinbase.
As with anything in the crypto market, do your own research before swapping precious BITCOIN or ETHEREUM. But, there's gold in them there hills.
Keep an eye on macro DeFi platforms like Ethereum, Cardano, Tezos, Cosmos, Elrond, Harmony, and Polkadot.
DeFi platforms lean heavily on oracles to bring off-chain assets into the picture for collateral. Watch Chainlink, Band Protocol, Nest Protocol, Dia, and Tellor.
Scaling these applications for the most amount of people? Celer and Matic have you covered.
Finally, what about strict DeFi applications themselves?
Compound, Balancer, Maker, Akropolis, Kava, Yearn, and even tiny upstart Yam are worth your time.
There are many more out there, but half the fun is discovering them on your own. Set some time aside and make sure you've got that CoinGecko app locked and loaded.
To gain access to Stacked's Free DeFi Index, click here
TECHNICAL ANALYSIS
#ETHBTC : I'm LONG/ BULLISH position up until Wave (3) . I expect that $ETHUSD will upside.
This would mean that ETH will gain more 250% of its current value against BTC before it can recover.
Well, keep you updated as this timely issue evolves.
No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#CRYPTO $ETHUSD #ETHBTC #ETH #ETHEREUM #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
Daily ETH UpdateWell, it's hard to get a nicer chart than what we are seeing here today. ETH has completed a very bullish "cup and handle" pattern, followed by a breakout and retest of previous resistance. Now are just seeing a breakout to the upside of that retest. This move is being supported by a Normalised MACD crossover as well as RSI moving back up. OBV has gone green however I would like to see some more strength here. No signal can be trusted unless it has support from volume, so if you are looking to re-weight your portfolio from BTC to ETH just be aware that there is only weak commitment to this move. It is my opinion that the market will actually come in to support this move and we will see ETH continue to outperform BTC....but that's just my guess :)