ETH - further rise still expected close to 4300
#ETHUSD => Bullish run in progress (4300 almost reached)
#ETHBTC => keeps upside potentiel towards 0,085 and 0,1340
#BTCUSD => Stuck in Range Pattern
=> On Tactical horizon : Further ETH exposure vs BTC is likely - with a potential to reach 5250 for ETH while BTC will remains rangy
What to do in this configuration?
On tactical horizon (1 to 3 weeks), hold ETH by accumulating in dips around 3800/3500 to play 5250 - Alternative case by penetrating 3500 will open 3000 max 2300
#ETHBTC => keeps upside potentiel towards 0,085 and 0,1340
#BTCUSD => Stuck in Range Pattern
=> On Tactical horizon : Further ETH exposure vs BTC is likely - with a potential to reach 5250 for ETH while BTC will remains rangy
What to do in this configuration?
On tactical horizon (1 to 3 weeks), hold ETH by accumulating in dips around 3800/3500 to play 5250 - Alternative case by penetrating 3500 will open 3000 max 2300
Note
ETH broke successively 3800 before 3500 invalidating the direct rise.The alternative target has been almost reached at 3000.
By watching BTC at 43K and ETH at 3000 i would say it is better to keep a bullish picture for the coming days -
The short on BTC was successful and the ETH trade has been stopped at 3500 (entry 3640).
new analysis is coming soon
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.