We are doing Analysis of ETHBTC on 6 hours Timeframe .
With the Help of trend line , I have made trend line
Support and Resistance Levels
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Insight pattern I reveals is ABCD pattern for ETH
WE wait for correction to Fibonacci and prepare for next middle bull of Ethereum.
The target is zone of D.
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New trading suggestion:
*The price is in an uptrend and we forecast the uptrend would continue.
*There is still a possibility of temporary retracement to suggested support line (0.07200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
While the level 0.07200 is not broken, the Midterm wave will be...
Conditions looks set for an Ethereum take off. Low Stochastic RSI (21), negative divergence on lows and highs in the MACD indicating, and the Aroon heading towards the up portion of its oscillation. Touches of the upper trend line signify the pair is ready for a breakout. But as we know, in this hyper-volatile cryptocurrency market, one can never be too sure of anything.
If you have ETH wait for the next pump towards 0.09 or 0.089 and sell it off to BTC. It will go down from here.
ETH USD value may be bullish but ETH BTC will be bearish. If you want more profit, switch your holdings to BTC from now.
Look at my other BTC idea for positive elliot wave of BTC.
The best entry point to BUY = LONG-TERM
Those who want to buy Ethereum for Bitcoin, better wait for the best entry point!
Below are all my exhibits >>>
There are signals that are relevant to this day!
So enjoy your viewing:
Particularly interesting is the fact that by the end of May 2018, Bitcoin will fall to $ 3000.
But before that, of course it goes...
In the last correction, we could see high ADI and Ether trading flat before it broke out past the .1 BTC level. It is following a similar pattern as of now. My estimation is that it will be breaking past top resistance and trading flat around $1400-1500 before booming even further. Long term horizon, mid Feb - $2200.
ETH on a verge of a major upwards break. RSI is oversold, and a slow accumulation at prices 1525-1555. Also noting, a major dump upcoming for BTC, a majority of that liquidity could be expected to move into ETH.