Hello Traders 🐺
When I opened the ETH chart today and switched to the weekly timeframe, I saw something unbelievable with my own eyes! 🤯 That’s why I decided to share it with you, my friends. I truly believe there’s a very high chance for ETH to explode to a new ATH! Let’s break it down:
Why am I still bullish and not talking about anything bearish these days? 🤔
✅ The BTC.D Chart – The Most Important Factor
BTC.D is sitting at its most critical resistance level. Not just one, but two bearish divergences have already formed on the weekly chart, signaling a potential reversal. I will also update my last idea about BTC.D, so make sure to follow me for upcoming updates! 🔔🔥
Other Reasons to Stay Bullish on ETH & Altcoins 💎
📉 Weak hands are leaving the market
💰 Inflation is falling, which means we could see rate cuts very soon
🏦 Quantitative Tightening (QT) is ending soon
🇨🇳 China is printing money, and the FED will likely turn the printers back on
📍 ETH/BTC is sitting at a key monthly demand area
📊 Binance has increased its ETH holdings by over $600 million just this week!
These are the reasons why I remain extremely bullish on ETH and Altcoins. And now, let’s dive into the ETH chart—because that’s exactly why you’re here!
ETH’s Repeating Pattern – A Bullish Setup! 🔄🔥
As you can see on the chart, ETH has a history of repeating the same pattern over and over again. 🌀 Back in 2020-2021, before the massive ETH & Altcoin rally, we saw a huge weak hands shakeout. Just before the shakeout, everyone thought ETH had formed a double bottom and was ready to fly—but then BOOM! 💥 A huge shakeout happened, followed by a rally to new all-time highs. 🚀
Now, the same pattern is unfolding again! We have an Inverse Head & Shoulders, which is a bullish pattern. Then, we saw a massive shakeout just below the previous low, causing a bullish divergence on RSI—and now, things are starting to change! 🔥📈
✅ Make sure to act accordingly, my friends!
🐺 KIU_COIN 🐺
When I opened the ETH chart today and switched to the weekly timeframe, I saw something unbelievable with my own eyes! 🤯 That’s why I decided to share it with you, my friends. I truly believe there’s a very high chance for ETH to explode to a new ATH! Let’s break it down:
Why am I still bullish and not talking about anything bearish these days? 🤔
✅ The BTC.D Chart – The Most Important Factor
BTC.D is sitting at its most critical resistance level. Not just one, but two bearish divergences have already formed on the weekly chart, signaling a potential reversal. I will also update my last idea about BTC.D, so make sure to follow me for upcoming updates! 🔔🔥
Other Reasons to Stay Bullish on ETH & Altcoins 💎
📉 Weak hands are leaving the market
💰 Inflation is falling, which means we could see rate cuts very soon
🏦 Quantitative Tightening (QT) is ending soon
🇨🇳 China is printing money, and the FED will likely turn the printers back on
📍 ETH/BTC is sitting at a key monthly demand area
📊 Binance has increased its ETH holdings by over $600 million just this week!
These are the reasons why I remain extremely bullish on ETH and Altcoins. And now, let’s dive into the ETH chart—because that’s exactly why you’re here!
ETH’s Repeating Pattern – A Bullish Setup! 🔄🔥
As you can see on the chart, ETH has a history of repeating the same pattern over and over again. 🌀 Back in 2020-2021, before the massive ETH & Altcoin rally, we saw a huge weak hands shakeout. Just before the shakeout, everyone thought ETH had formed a double bottom and was ready to fly—but then BOOM! 💥 A huge shakeout happened, followed by a rally to new all-time highs. 🚀
Now, the same pattern is unfolding again! We have an Inverse Head & Shoulders, which is a bullish pattern. Then, we saw a massive shakeout just below the previous low, causing a bullish divergence on RSI—and now, things are starting to change! 🔥📈
✅ Make sure to act accordingly, my friends!
🐺 KIU_COIN 🐺
Trade active
ETH is exploding right now !
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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.
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.