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Ethbtclong

$ETHBTC breaks out! Huge Gann 50/50 target in sight.The ETHBTC pair made a significant move last night, after consolidating for 50+ days at and above a historically significant S/R level. Price is at February 2020 resistance (~0.028). If that breaks, expect to see a very big rally in this pair heading into October which is marked by the Gann 50/50 (half the rally taken back, in half the time #vibrationalsignature). Defi has been a huge narrative this year as "new" layer-2 protocols like Aave, LEND, Kyber etc. run wild. In this environment, it's just a matter of time until the hyper bullish narrative translates to price action on the Ethereum chart. A break and close of the .028 BTC level on this chart should really get the party started.
Long
by Randomtask555
6
ETH.BTC (Y20.P3.E1).v2.Macro.structure.Hugh opportunityHi All, This is the bullish perspective and is probably the higher probability which is we are making the right shoulder. Like ADA, ETH is one of those ALTs that are likely to give better returns than BTC. It wont be long where ETH 2 will come to fruition Right now, like BTC, I'm expecting some sideways range movement just below the main resistance. its possible that there could be a spillover and we pullback to 0.5 fib level or deeper. The least likely is to hit the bottom of the structure again. My BTC paring targets are 2 as we have 2 areas of confluence based on the macro fib. retracement level and also price action areas of resistance and support. If one notices, it also has confluence with the height of the head. Patterns alone cannot be tructed, so looking at the Phoeix Daily, we are still bullish and hence why I say a ranging price area, symbolized by the ascending triangle (in grey). The weekly chart also shows significant bullish signs, with the MACD, RSI and Phoeix. All good for the time being. Please give me a like or tick for this post Regards, S.Sari WEEKLY CHARTS: Indicators 2 Day volume profile PREVIOUS POSTS ========================================================================= PREVIOUS POST ========================================================================= Inverse H&S structure
Long
by ssari