Ethereum is looking extremely strong in comparison to Bitcoin, its broken out of an ascending triangle pattern & there's no real resistance until the 0.032500 area. Currently long on ETH from the upper $490 region & if this can work its way up towards resistance, ETH has a real chance of testing $620, the recent high.
Note
Wow, this really did explode. RSI at 99.21 on the 15mins timeframe right now and hitting resistance, back into Bitcoin.Trade active
Imminent break coming on the LTF which has formed a falling wedge & price sat directly on support....Trade active
We got the retest, ETH is looking bullish AF & really likely we see $800 within the next week as Bitcoin moves past ATH (fingers crossed)
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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.