We will probably see a correction in the Altcoins. Only a short uptrend, not a big move!
As you can see on the chart
The ETHBTC ETH/BTC price has been in a down trend for months
But now we see that it is approaching the support zone
Previously, this zone was able to push the price strongly to the upside
If the zone of (0.05795 to 0.05957) is broken, the price will go down to zone #2
For now, we expect the price to go up to the trendline #1
Then, if money pumps into the market, it may go up to the resistance zone of 0.06921 to 0.07087.
What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
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.