ETH/BTC probability

Updated

ETH just got the demand power from beneath,

breaking 1st and 2nd line could be the sign of alt season

IF ETH could break the 1 and 2 lines I believe it would reach the previous ATH and may make a new one.

we have to track the fundamental news also

Note

‌ETH has a semi-strong resistance above his head, it needs to break it and we need RSI over 50 % for that breakout,

a break above triangle: ALT party

a break below triangle: alt crash

Note

for me scenario is still valid, and I think the breaking up is more probable than breaking down,
we are in a strong resistance but if we break definitely we will have an alt party and all the altcoins will pump.

Note

afrer a retracement and reacting to 50% Fibo . price rises up now we just break the resistance and placed in the FIBO 0.38 , so far we need a close above all of them to continue the trend and go up

it is possible to close above

Note

the first high reached, breaking the next dynamic trend line is so important, its is the signal for the start of greater alt party

Note

due to the positioning of RSI, and reaching the first target,

I believe these two scenarios is more probable and the price might make a retest (pullback), these might fail or not, just my idea

DYOR

ZorgOros

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