Seems like ETHBTC is currently in a tug of war between buyers and sellers and is forming a pennant. I don't like how the last 3 candlesticks look though. Selling pressure is visible but the bulls are buying. Ethereum is still not in overbought zone so another wave up is still possible.
Buy strategy:
Buy when Ethereum breaks out from that thick downtrend yellow line. Put a stop 2% lower from your buying position or the % depends on you.
1st support target:
Area between 0.085 to 0.086670
Buy strategy:
Buy when Ethereum breaks out from that thick downtrend yellow line. Put a stop 2% lower from your buying position or the % depends on you.
1st support target:
Area between 0.085 to 0.086670
Nota
If it breaks below support (orange dotted line)Nota
then we can see the price go lower before another move upNota
Candlesticks are looking good but volume isn't just there yetNota
Now, we're going down. There was not enough buying demand to push the price up.Nota
That pin is a nice reversal indicator. Let's wait for ETH to break out from the top of this pennant.Nota
Failed breakout. Shouldnt go lower than .0884Nota
If this last candlestick stays green and its next candlestick closes higher, then ETHBTC is good
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.