ETH/BTC Technical Analysis Update
▪️Bounced off green box support, indicating bullish momentum.
▪️ ETH/BTC Broken out on daily chart, positive for CRYPTOCAP:ETH and #Altcoins
▪️ CRYPTOCAP:BTC dominance declining, favorable for #AltSeason
Are you prepared for potential Altseason?
#ETH/BTC is approaching the golden ratio level of 0.46 and is currently in oversold territory. Expect a potential bounce starting from around 0.435 level. Keep an eye on this for possible price movements.
ETH/BTC Ascending Triangle Chart Analysis
1️⃣ Forming Strong Ascending Tringle in Monthly Chart
2️⃣ Price holding Strong Support at 0.045 BTC Level
3️⃣ Not Expecting Much Move but Expect Max will hit 0.150 BTC
4️⃣ If hit ETH = 0.150 BTC then CRYPTOCAP:ETH
Price will be FWB:12K -$15k
5️⃣ Supper Bullish Spot Ethereum ETF News in Q2
When Ethereum (#Ethereum) tests its long-term trendline support, it often sparks a significant upward market movement, known as a bull rally.
#Pattern_Recognition: Ethereum (#Ethereum) has shown a recurring pattern where testing its long-term trendline support has resulted in substantial bull rallies.
#Historical_Timing: Notably, each of these support tests has...
ETHBTC bullish reasons :
1. double bottam
2. RSI Divergence
bearish reasons :
1. bearish shark pattern
conclusion : first ethbtc will rise next most chance to take once test to have triple bottom.
ETH atls some time goes up.
ETHBTC is consolidating in falling wedge as btc.d moving high and ethbtc will take one more bottom and breaks falling wedge which causes bull run halving.
ETHBTC will bleed till September ending after that we can see falling wedge breaking from that point bitcoin dominance will come down and we will see the altcoins season.
#Bitcoin #nft #bnb #eth #btc #BSC #Binance #trading #altcoins #cryptocurrency #crypto
ETH/BTC is looking strong and very bullish. I think an imbalance bias of being bullish is correct until the trend reverses but we really need to watch out for some pull backs to be considered as a good buying oppurtunity.
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$ETHBTC after reaching to our previous target , #eth looking bearish in long term. possible 85% correction in btc pair is possible. target on chart.
invalidation above daily close of previous high.
