ETHBTC Prices May Float to 0.076 BTCPast Performance of #ETHBTC
There was an ETH price expansion early this week, but bulls were muted on May 3 and 4. However, BTC is trailing the BTC following encouraging surges on May 1 and 2. ETH bulls would likely build on the bullish engulfing bar of early this leg, setting the foundation for an expansion above April highs of around 0.076 BTC.
ETHBTC Technical Analysis
As per the ETHBTC technical analysis in the daily chart, ETH buyers are in the driving seat. Prices recovered from the 38.2 percent Fibonacci retracement level of the April 2022 trade range. The recovery, backed by rising trading volumes on May 1, triggered demand. There is a possibility of ETH bulls finding support in the immediate term. However, this is subject to ETH bulls rejecting any attempt for losses below 0.072 BTC. As it is, traders can load on every dip, targeting 0.076 BTC. A break below this week's low, on the other hand, may see ETHBTC crater to 0.070 BTC, the 61.8 percent Fibonacci retracement level of the same trade range.
What to Expect from ETHBTC?
ETH buyers have the upper hand at spot rates. Still, if there is a crypto correction, Bitcoin bulls may flow back, driving prices below the primary support at 0.072 BTC.
Resistance level to watch out for: 0.076 BTC
Support level to watch out for: 0.072 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethbtclong
Spotted Fractal on ETHBTC pairThese two are similar in many ways.
During last Feb-Mar price was coming down; I was expecting it to finish a curved triangle pattern at 0.025 area. But it didn't. This time again, after deviation above the range(0.077-0.6), it should come down to 0.6. But it didn't.
If this will play out, it can take this pair back to its ATH in the 0.14 area.
Bullish momentum to continue? Hello friends, let's look at the ETH/BTC chart. ETH appears to be in a Rising Channel against BTC. The Channel Support faced a crucial test at the beginning of March as the 50 EMA crossed below the 200 EMA (Death Cross). Bullish momentum held and ETH has enjoyed a 16% bounce. Bulls gained a confidence boost in early April as the 50 EMA crossed back above the 200 EMA (Golden Cross). I'm expecting this bullishness to continue and will be looking for an entry to increase my position.
Good Luck.
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ETH.BTC (Y22.P1.E2).Technical AnalysisHi All,
#ETHBTC #ETH
Just looking at this current range and its obvious that from a 2 perspectives, why this will consolidate.
a) Wyckoff SOS - BU/LPS stage
b) Macro Fib 0.5 level
c) Elliot wave count (Wave 2 to 3)
With the Wyckoff strategy, this will be a sideways range and it might have completed and the confirmation is the breakout of this level.
With the Inverted Head and Shoulders approach, we have more to go (UP)
With the elliot wave count, we did our ABC and now looking to do 1, 2, 3 wave or possibly wave 3 to 4 which would take longer.
Using the bump and run strategy, our macro target is much higher.
SUMMARY
Short term, we are to break this soon (might still range a little) and then head for the next target or the fib 618.
Please give me a like and a share or even better, join our community.
All the best,
S.SAri
FIB LEVELS
Wyckoff approach
PREVIOUS POST
ETH.BTC (Y22.P1.E1).Reversal in progressHi All,
We have good evidence that a reversal is happening and that the bear market is about to breakout to bullish.
The ETH.BTC pairing also is one of those that can be seen as confirmation.
Note on this chart, we have our 20 and 50 daily ema's crossing, and we have the 200 daily in lime,
Price has broken all them which in the past signified a bullish turn as you can see with the white dots.
Please give me a like and share and join our group as per my signature.
ETH is going to out perform BTC.
As for targets etc, that is for the private group.
All the best,
S.SAri
#ETH/USDT WEEKLY UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
hello folks
Looking at eth/USDT it looks like the rising wedge pattern bullish trade so I can go to $3150k and $3350k from here and back to $2323k for a retest. bounce back as $5500k,
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
ETHBTC SHORT TERM LONGWe are ending retracement to an uptrend, bounced off of a buy zone which was formed by an institutional candle we are looking for a retracement to at least 50% fib zone.
Aroon: In 1 hour time frames we are already in uptrend which shows that we should go for long, in 4 hour it shows that we also are losing momentum for short, which gives us more reason to go for long. In a daily chart we can see lines coming together that shows gain momentum for long.
MACD: MACD shows gain in momentum in 4 hour time frame, and we should get an entry from MACD from 1 hour time frame in a couple of candles. Also in daily charts we are shown gain of momentum for long.
Bollinger band: We bounced off of a bottom Bollinger band and started making higher highs and higher lows since in one hour time frame. Also we bounced in bigger time frames.
Entry: 0.0664
Invalidation 0.0653
Target 1: 0.0686
Target 2:0.0706
Ratio to Target 1: 1:2.1
Ratio to Target 1: 1:3.8
ETH/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
ETH/USDT looks bullish and as I told in bitcoin that bitcoin can bounce if bitcoin bounces then ETH/USDT can also bounce from here as well as old coin of USDT pair can also be pumped. eth/usdt support $2590k-$2650k and resistance $2899k-$2960k
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
ETH/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
ETH/USDT is also conformed to a falling wedge pattern as I have seen in the 1-hour update
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
ETHBTC, Its ready to have some rises of altcoinsHello everybody
ETHBTC is one of the most important pair for the movement of total 2 and 3 because ...
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According to the chart, After we are ranging price in market today after unemployement rate reported the price impact to it and make new rally.
After the price was make breakwave and we need some pullback and we can take in position on any altcoins after pullback completed and we can wait until the target reach.
Please observe capital management and dont forget use stop loss
Good Luck
Abtin
Ethereum Breakout Against BTC Soon!!Looking at our ETHBTC daily chart we notice we have been slumping quite a bit against Bitcoin and have since formed a pennant, we are currently approaching the Apex point where we will see a forced breakout, we have about 3 days before that happens so the chance to breakout before is still there. A positive thing is that we are currently holding onto the 0.2 FIB level which is strong support and we also have a few more levels of support directly below us, we have the bottom of the pennant and then we also have strong support at 0.0733, all of these levels provide a good change to rebound to the upside. As for resistance we are looking at the 0.075 level and the top of our pennant, i will say it is very hard to determine where ETH is headed over BTC but i would confidently say we are much overdue for a reversal. Looking at the Stoch RSI we are on our way down after a bearish cross but the good news is that we have support waiting for us in the oversold zone, we almost everytime see a strong reversal out of this area on its own + we have a nice support level for a likely bounce, so this could mean we could be looking at a false downside breakout on price action before then rebounding back to the upside. Now same thing with the RSI we are still currently below the midline which means confirmed downtrend but we have just caught some needed support, we decide to break below this level we have another level of support coming in a bit lower, now this is where the false downside breakout also ties in! The longer outlook goal is of course to break above the 50. mark so we can reclaim a confirmed uptrend! Not financial advice just my opinion!
ETH/BTC is about ready for its next leg up.Since 2019 the ETH/BTC has gone from .017 to .09 at its peak in December (almost a 4x gain!)
This was due mostly to the rise of things like NFTs and Play 2 earn gaming, which almost exclusively use Ether to purchase/use. This is a trend I don't see cooling off in 2022.
For this reason and many others, I think Ether will only continue to appreciate against Bitcoin until the inevitable market cap "flippening".
As far as the charts go, we re looking at a beautiful corrective pattern beginning December 9th, with a smaller corrective pattern within it.
I think its likely that this is the bottom, but if not then its coming soon. Won't be long.
My First target is .10 but I see ETH/BTC hitting .15 or higher in 2022 with many corrections along the way.