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Robinhood Stock Trading | Investing & Articles

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Binance
Home›Binance›Ethereum looks very bullish !! For BINANCE: ETHBTC By JacobR905

Ethereum looks very bullish !! For BINANCE: ETHBTC By JacobR905

By Tim Kane
October 3, 2021
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A little while ago I posted a TA on ETHBTC and we were trading inside this downhill corner what is very bullish pattern and I talked about seeing a breakout coming and that’s exactly what happened! We are starting to gain momentum as a result of this falling corner and we come to some very important daily closings for ETH against BTC! We stay a bit stuck just below that resistance line at around 0.0714 and the reversal pivot point just above, if we can successfully see a strong push above these two levels at some point, we can expect soon Ethereum and altcoins to really start moving, a fence above the pivot point in the next few days is key for us, we will likely see a return to an uptrend coming out of our current short term downtrend. Looking at the bollinger bands we have found a crucial level and it is the middle line on the bands, we really want to stay above here and keep that level as support and that opens the window for us to continue to advance strongly upwards and finally reach this upper band, every time we see the price action going up and around the upper band, there is a good chance that we will catch it and make a big move upward, but that will be for a future TA because we have some work to do before we see this happen. Now check the RSI , we broke up slightly and above the midline after staying below a confirmed short-term downtrend for a week or two, we want to make sure we maintain this level and even see a retest and pass before to really take the plunge, but personally I think we’re going to see some big rallies in the global crypto market soon, I think it’s only a matter of time everything looks pretty good and if you don’t haven’t done so already, I strongly suggest you check out my recent BTC .d TA’s divergence! There is something huge happening! Not just financial advice in my opinion!

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