Ethereum-bitcoin
Ethereum Ascending Triangle - Bullish Continuation?$ETH is forming an ascending triangle on the 1H timeframe, succession of higher lows and repeated tests of the resistance around $602. If resistance breaks we'll be looking back up at the high of $635.70, stop losses in place beneath the ascending trendline incase of a breakdown.
Bitcoin is close to a decision point!Hello everyone,
Bitcoin has seen a fantastic rally over the last months. We've managed to reach all the way to the all-time highs.
There hasn't been any serious pullback yet.
I've found a bearish divergence on the daily timeframe in the RSi and a rising wedge pattern.
The target of the rising wedge is calculated by the height of the wedge, so around 16200.
If the rising wedge is to complete, we will see one more pump towards 20k and then a real pullback will start.
However, that being said, if bitcoin manages to clearly pump above 20200 and actually closes there, I think much higher prices are in play.
Thanks for reading my analysis,
Goodluck!
ETH Weekly Bull Run TargetLooking at previous ETH bull-run (remember, there has only been 1) and looking back at BTC and what we may be able to expect. Often times alts run a little hotter than BTC and therefore I expect a run to about $27k (about a 55 to 60x return) over the course of the next year.
Best of luck trading.
Potential accumulation pattern on ETH/LINK chartSupply is beginning to be absorbed. If we can resume upward from here, and get above the closest resistance that price just bounced down off, then LINK should gain on ETH again.
There could still be a more solid move downward before a spring up, and that would be an even better entry depending on the strength of it.
I will post again if that happens and is a good setup. Otherwise if it doesn't look good I will update this idea with why I didn't take the trade.
Good luck!
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💡 Don't miss the great buy opportunity in Ethereum/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0311). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/Bitcoin (ETHBTC) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 0.03189
TP2= @ 0.03265
TP3= @ 0.03356
TP4= @ 0.03460
TP5= @ 0.03600
SL= Break below S2
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💡 Don't miss the great buy opportunity in Ethereum/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0311). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/Bitcoin (ETHBTC) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 0.03189
TP2= @ 0.03265
TP3= @ 0.03356
TP4= @ 0.03460
TP5= @ 0.03600
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Ethereum retesting support as it moves up against BitcoinThe support lines around .308 and .302 are now the likely targets. If it can resume up off the closest support at .308, it will also maintain the parabolic trendline it has started.
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ETH/BTC Ascending Triangle Breakout - Trade the RetestEthereum is looking extremely strong in comparison to Bitcoin, its broken out of an ascending triangle pattern & there's no real resistance until the 0.032500 area. Currently long on ETH from the upper $490 region & if this can work its way up towards resistance, ETH has a real chance of testing $620, the recent high.
Ethereum Retesting Support, Will Lag Against BTCEthereum is coming back to retest support at around 285, it should lag against BTC as people move from their pump and dumps back in to BTC. This is typical for the end of a run up/hype cycle in crypto.
I expect ETH to outperform BTC from then on out during this hopefully massive bull run.
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KEY POINT THAT ETHEREUM NEEDS TO RECOVERNot happy with the chart shared yesterday, buy zone was not correctly identified, the second box below the key area in this chart is where I should have point the buy area... still accumulating at this point, I dont think this last area will be broken down, that would be a really bad signal. Price needs to recovers the key area pointed with the blue box and close above as a signal of trend reversal, once that happens imo 37k sats will be next.
ETH-BTC is falling. Buy from support!
Hello, Traders!
ETH-BTC fell from resistance just as I predicted.
Now, the pair keeps falling nicely
And I expect it to reach the support confluence
From where we can go long on pullback
Buy!
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WIll ETH outperform bitcoin going into the EOY..LONG ETHWIll ETH outperform bitcoin going into the EOY. I believe the rotation in terms of market psychology for the trading crowd would be lock in profits in bitcoin, FOMO into eth.. get bored in eth.. then get into Alts with good crypto-economics and solid business plans.