ETH/USD Wyckoff Schematic vol.2

24 de jul. de 2022

After testing the edge and making the bounce back to the top this analysis is favouring the bullish scenario.
Volumes are confirmative and a Breakout with a successful pullback will definitely add to the Long scenario.

24 de jul. de 2022

Nota

If we accept ETH/BTC as:



Then the long scenario might gain some points as combining that we might be the Phase D of a bullish move that will strengthen ETH over BTC, we count that the ETH/USD will also bloom.

And the reason is that this rate rises if:

1)ETH/USD rises faster than the BTC/USD.
2)BTC/USD falls faster than the ETH/USD.
3)ETH/USD rises and BTC/USD falls.

Viz, if we take the ETH/BTC as an Accumulative Schematic, we conclude that we are about to see a rise on ETH/USD.