Hello traders .
let's start with the ETH/BTC first because it's very important for ETH to looks bullish against BTC for opening long position.
so here is the chart :
https://www.tradingview.com/x/ThtEbamD/
as you can see in the weekly time frame ETH/BTC hold the weekly support and also on of the important thing is ETH/BTC price already above 21ema. ; also price try to formed very nice bull flag or triangle , the overall trend is bullish we can easily see this in the bigger time frame .
but Let's look at ETH against the us dollar , one of the interesting fact about ETH/USDT is that we can see a same chart like ETH/BTC , so what's happening now ?!
ETH price in the us dollar chart already breaked the blue resistance line. and now ETH price trying to retest 21ema and the line as support , if price goes above previous rejection point , we can say it's time to fly ETH !
I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for watching my ideas
let's start with the ETH/BTC first because it's very important for ETH to looks bullish against BTC for opening long position.
so here is the chart :
https://www.tradingview.com/x/ThtEbamD/
as you can see in the weekly time frame ETH/BTC hold the weekly support and also on of the important thing is ETH/BTC price already above 21ema. ; also price try to formed very nice bull flag or triangle , the overall trend is bullish we can easily see this in the bigger time frame .
but Let's look at ETH against the us dollar , one of the interesting fact about ETH/USDT is that we can see a same chart like ETH/BTC , so what's happening now ?!
ETH price in the us dollar chart already breaked the blue resistance line. and now ETH price trying to retest 21ema and the line as support , if price goes above previous rejection point , we can say it's time to fly ETH !
I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for watching my ideas
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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.
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.