Logarithm. Time frame 3 days.
Secondary trend (part). Symmetrical triangle. Pivot zone.
The price is now 0.069 satosh per ETH.
Linear chart.
Main trend Time frame 1 week.
Secondary trend (part). Symmetrical triangle. Pivot zone.
The price is now 0.069 satosh per ETH.
Linear chart.
Main trend Time frame 1 week.
Trade closed: target reached
Distribution zone triangle has been broken downwards. The price is currently in a downward channel. The decline is about -50%Note
18 10 2024 
This trading pair clearly shows how money flows from one high-cap asset to another. Shown on the chart. Look at the time and the Bitcoin to Dollar chart, at the time of the breakout of the symmetrical triangle of the distribution zone downwards (weakness of Ethereum relative to Bitcoin). Since then, Bitcoin has grown in price by almost +200%. While Ethereum relative to Bitcoin has weakened by as much as -50%.
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Related publications
Disclaimer
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✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Related publications
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.