Why ETH will LEAD the bullrun in October 2021
There has been a lot of FUD recently and market in extreme fear due to tubers and various people doing basic analysis on smaller timeframes predicting doom and gloom.
However as we all know the higher the timeframe the stronger the confirmation of patterns so today I present to you my analysis on:
3D ETH/BTC Time Frame
1W ETH/BTC Time Frame
on the 3D you see a huge ascending triangle forming which is supported by the EMA Ribbon.
The RSI is above 50 and we have bottomed on stochastic RSI indicating a change in trend as well as 3 touch points on the bottom of the triangle.
We are most likely going to move up and breakout the triangle in the near future...
The impact of this is ETH will go extremely bullish against Bitcoin even if bitcoin ranges and will lead ALTS and COINS and marketcap into recovery which will trigger a bullish impulse into the market and bitcoin will follow.
You can look at the 1W ETH/BTC Time frame for further confirmations of this which shows the MACD levels are hugely positive and no sign of slowing down together with RSI way way above 50.
The meaning of this is people are accumulating and holding ETH and not selling them at a faster rate than bitcoin....
It is only a matter of time before ETH will once again do something similar to its run from 2k to ATH 4,300 and lead the show for us in October.
I expect at least a target of 6k+ ETH if we do breakout the ascending triangle pattern.
However as we all know the higher the timeframe the stronger the confirmation of patterns so today I present to you my analysis on:
3D ETH/BTC Time Frame
1W ETH/BTC Time Frame
on the 3D you see a huge ascending triangle forming which is supported by the EMA Ribbon.
The RSI is above 50 and we have bottomed on stochastic RSI indicating a change in trend as well as 3 touch points on the bottom of the triangle.
We are most likely going to move up and breakout the triangle in the near future...
The impact of this is ETH will go extremely bullish against Bitcoin even if bitcoin ranges and will lead ALTS and COINS and marketcap into recovery which will trigger a bullish impulse into the market and bitcoin will follow.
You can look at the 1W ETH/BTC Time frame for further confirmations of this which shows the MACD levels are hugely positive and no sign of slowing down together with RSI way way above 50.
The meaning of this is people are accumulating and holding ETH and not selling them at a faster rate than bitcoin....
It is only a matter of time before ETH will once again do something similar to its run from 2k to ATH 4,300 and lead the show for us in October.
I expect at least a target of 6k+ ETH if we do breakout the ascending triangle pattern.
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