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JWagnerFXTrader
6 אפר׳ 2021 12:29

ETH/BTC Pattern Looks Bullish לונג

Ether / BitcoinCoinbase

תיאור

ETH found support at the 61.8% retracement of the previous uptrend.

The previous uptrend can be counted as an impulse wave. This suggests that ETH may continue to motor higher above .046 possibly to .06.

Performing some simple math...IF BTC holds at 60k, then .06 ETH/BTC rate implies $3,600 ETHUSD.

With crypto solidly in an uptrend, this pattern suggests outperformance by ETH moving forward.
תגובות
pittmensah
Nice outlook. Looking at the 240 min time frame, I suspect a triangle completing or completed.....joining the move up.

JWagnerFXTrader
@pittmensah, nice catch on the triangle. It may be getting ready to bust higher as we speak.
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