The Ethereum vs. Bitcoin ratio, which has always been known as an indicator for examining the status of altcoins versus bitcoins, is at a critical juncture. Because now it has reached an important point where its static and dynamic support is located, and if it is lost, we will see less fall or growth of penins than bitcoins. But if it can get back from this point, we will see very good growth for Ethereum and Altcoins versus Bitcoin.
The chart that has been analyzed is a weekly chart, and this chart is now approaching the intersection of its Fibonacci static and dynamic support, which is important and strong support. At this point, we also see a negative divergence in the MACD indicator, which could be a sign of further decline. In any case, possible scenarios are plotted on the chart.
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The chart that has been analyzed is a weekly chart, and this chart is now approaching the intersection of its Fibonacci static and dynamic support, which is important and strong support. At this point, we also see a negative divergence in the MACD indicator, which could be a sign of further decline. In any case, possible scenarios are plotted on the chart.
I hope you find this analysis useful🌹
Follow for more...
#DYOR