ETH/USD TA Update (bullish pattern confirmed)ETH/USD
ETH broke bullish of this inverse H&S pattern a few hours ago and the price is already trading above 50MA on the 4H time-frame.
This is a good market shift to the upside in the short-term. The overshoot target is up to 170 areas in which the 100MA is approaching in.
Ethbnb
ETH/USD TA Update (Bullish Pattern Confirmed?)ETH/USD
ETH manages to break above the resistance area of this Ascending Triangle pattern today and currently testing is to confirm as new support territory.
If the price will hold current levels for the next 24-48hrs. There is a high chance ETH will further grow up to 260 levels before facing another strong resistance zone.
We have a bullish cross of 50MA and 26 EMA on the 4H time-frame which tells us the momentum shift to the bullish already.
The bearish side is only if price closes below the previous Higher Low at 226. This will lead back to the bearish area again.
Will ETH outperform BNB during the coming hours/days?Hello traders,
We are back with a new interesting trade! Yesterday was a very profitable day because BNB reacted as expected. It went down and we scalped some longs along the way down.
This time we don't trade BNB against tether. Instead, we will use the BNB/ETH pair!
We think that ETH can outperform BNB with +- 9% so we will switch some BNB to ETH and buy it back around 0.0967.
Happy trading!