ETH behaving like the kid he is, while BTC showing maturity.
Of course the kid will grow up.
This is what got me into Ethereum, all this challenge to analyze and figure out where he will go next, and the promise of course, of growth...
Since harmonics and impulses proved noneffective, I went with a simple triangle and I see two possible outcomes:
1) If A1 and A2 are the legs of a double bottom, we will see a nice breakout.
2) If ETH market continues this indecisive, it will probably go for the breakout at EoT.
Either way, ETH is a good buy... and when BTC sits a bit to recover his breath from the climb, the kid will climb just behind.
On the tech aspect of this, RSI and MFl are diverting, Volume is low and the general trend is bearish. BUT, Moving Average is just hinting us upwards.
Again, this is just my point of view. If you find this information useful, interesting or merely entertaining, please let me know.
Thanks!
This is what got me into Ethereum, all this challenge to analyze and figure out where he will go next, and the promise of course, of growth...
Since harmonics and impulses proved noneffective, I went with a simple triangle and I see two possible outcomes:
1) If A1 and A2 are the legs of a double bottom, we will see a nice breakout.
2) If ETH market continues this indecisive, it will probably go for the breakout at EoT.
Either way, ETH is a good buy... and when BTC sits a bit to recover his breath from the climb, the kid will climb just behind.
On the tech aspect of this, RSI and MFl are diverting, Volume is low and the general trend is bearish. BUT, Moving Average is just hinting us upwards.
Again, this is just my point of view. If you find this information useful, interesting or merely entertaining, please let me know.
Thanks!
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