Hello, Traders!
Take a look at the weekly chart of ETH/USD, where we see how the downtrend was broken in April this year.
At the same time, reaching the level of $195, as well as the support of a 100-day moving average gave a start to the altcoin season in May.
In July, the price went beyond the new price level of $308, and later in September it was tested, where buyers showed their interest and did not let the price fall.
At the moment, the price is going to break through the level of $488, which will give another stage of continuation of the alto season and potential growth to the level of April 2018 $828.
BTC dominance
At the same time, we can see how the price value has rested on a strong resistance of 66.50 on the domination chart.
Bitcoin correction will give an impetus to downward movement on the chart of the dominance, which will act as an additional trigger to the beginning of the winter altcoin season.
Watch out for the market, manage your risks, and leave your feedback on the setup in the comments below!
Take a look at the weekly chart of ETH/USD, where we see how the downtrend was broken in April this year.
At the same time, reaching the level of $195, as well as the support of a 100-day moving average gave a start to the altcoin season in May.
In July, the price went beyond the new price level of $308, and later in September it was tested, where buyers showed their interest and did not let the price fall.
At the moment, the price is going to break through the level of $488, which will give another stage of continuation of the alto season and potential growth to the level of April 2018 $828.
BTC dominance
At the same time, we can see how the price value has rested on a strong resistance of 66.50 on the domination chart.
Bitcoin correction will give an impetus to downward movement on the chart of the dominance, which will act as an additional trigger to the beginning of the winter altcoin season.
Watch out for the market, manage your risks, and leave your feedback on the setup in the comments below!
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.
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.