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https://www.tradingview.com/x/EhZeZZ8d/ ETHBTC Broke down of this small penant. If ETH is weak almost all ALTS will be weak.
https://www.tradingview.com/x/fNeMRq53/
#ETHBTC
Looking more interresting now
Retest on the 4hr EMA200 and also a sweep of the last lows to take the liquidity.
Last candle has some good volume which can push ETH more and give more room for alts to shine.
#ETHBTC
Looking more interresting now
Retest on the 4hr EMA200 and also a sweep of the last lows to take the liquidity.
Last candle has some good volume which can push ETH more and give more room for alts to shine.
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https://www.tradingview.com/x/zFBasOJF/ ETH not looking strong against BTC. I was expecting it to be stronger on the bounce. While it bounced we can note that we just retested the weekly trend from the downside + the support trendline that became resistance…
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https://www.tradingview.com/x/eoWfkRfl/
#ETHBTC💰 💰
This chart shows the strength of ETH compared to BTC
ETH being on a multi week downtrend since end of 2021, making this chart really relevant and a real breakout to the upside can't be faded.
However we're still far from breaking out the channel, even if the last move up is a good start we still need to flip the weekly 100EMA into support and most importantly the 200EMA. ( scenario 1 )
If we fail to break these resistances and turn them into support we will probably acuumulate on this range or even dip lower to the green zone which is a very strong weekly support. ( scenario 2 )
We will keep watching and updating this chart since it will give us the signal of the ALT season.
#ETHBTC
This chart shows the strength of ETH compared to BTC
ETH being on a multi week downtrend since end of 2021, making this chart really relevant and a real breakout to the upside can't be faded.
However we're still far from breaking out the channel, even if the last move up is a good start we still need to flip the weekly 100EMA into support and most importantly the 200EMA. ( scenario 1 )
If we fail to break these resistances and turn them into support we will probably acuumulate on this range or even dip lower to the green zone which is a very strong weekly support. ( scenario 2 )
We will keep watching and updating this chart since it will give us the signal of the ALT season.
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BINANCE:ETHBTC Chart Image by SMZALTD
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