A lot of people are asking about altcoins.
In the cryptocurrency market, the main driver of all altcoins is Ethereum. So in this idea, we will analyze the global and local situation of Ethereum to Bitcoin.
Looking at the higher timeframes, Ethereum has been squeezed near the trend line for quite some time. This is good because after the accumulation there is a very strong impulse growth.
A breakdown of the global trendline will take the entire market into altcoin euphoria.
Looking locally, a trend line has formed on the chart. A good scenario to buy would be a squeeze and a breakout of this trend line.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
In the cryptocurrency market, the main driver of all altcoins is Ethereum. So in this idea, we will analyze the global and local situation of Ethereum to Bitcoin.
Looking at the higher timeframes, Ethereum has been squeezed near the trend line for quite some time. This is good because after the accumulation there is a very strong impulse growth.
A breakdown of the global trendline will take the entire market into altcoin euphoria.
Looking locally, a trend line has formed on the chart. A good scenario to buy would be a squeeze and a breakout of this trend line.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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