ETHBTC is not far from rising
The ETHBTC cross is viewed as bullish since its December low. We have seen nice and clean impulsive rises followed by corrective pull back. The fall since 0.0396 is clearly corrective and will be followed by anew leg up, labelled 3 red. For this bullish outlook to be valid, we don't want to see trading below 0.029 low. Any break of this level will postpone our short term bullish outlook. Trading above 0.036 is a first encouraging sign a new leg up is underway.
Technical is in BUY mode, but momentum stays weak, which brings some clouds.
We are waiting for ETH to catch up very soon with BTC.
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Technical is in BUY mode, but momentum stays weak, which brings some clouds.
We are waiting for ETH to catch up very soon with BTC.
The TTH team is pleased to announce the grand opening of its Slack team. You will share trading ideas with our community, improve your trading skills, benefit from live intraday technical analysis and strategies. Video sessions with TA teaching and concrete cases are on the agenda too.
Welcome bonus with a free trial
Link to the : Slack team
If you want a preview of our analyses,
follow us on Twitter
follow us on : Facebook
follow us on : LinkedIn
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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.