ETH favorite vs BTC
Alone, there is more work to be done for ETH. Range trading and failed 3 times on the 1700-1750 resistance. But as per previous post USD was correcting and we are seeing first sign of reversal there giving green light for risk assets.
ETH h4 momentum bull, RSI heading towards 70 and not overbought, W%R strong - w/ potential inverted H/S with target not far above in RLZ (1675-1700).
Medium term I still think that if EUR rebounds we should see US500, precious metals and crypto push.
ETH preferred over BTC when looking at the ETHBTC chart. Now extracting itself from the lower band of the range. I would expect ETH to outperform.
Orderflow confirms that we have more work to be done north and a lot of liquidity above precious jan high. Meaning we can get there, empty books, and get back into our range.
Its a traders' market with uncertainties further out, caution to long-term investors.
ETH h4 momentum bull, RSI heading towards 70 and not overbought, W%R strong - w/ potential inverted H/S with target not far above in RLZ (1675-1700).
Medium term I still think that if EUR rebounds we should see US500, precious metals and crypto push.
ETH preferred over BTC when looking at the ETHBTC chart. Now extracting itself from the lower band of the range. I would expect ETH to outperform.
Orderflow confirms that we have more work to be done north and a lot of liquidity above precious jan high. Meaning we can get there, empty books, and get back into our range.
Its a traders' market with uncertainties further out, caution to long-term investors.
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