clydeuscope

ETHBTC waiting for a big move

BITFINEX:ETHBTC   以太坊/比特币
Seems like ETHBTC is currently in a tug of war between buyers and sellers and is forming a pennant . I don't like how the last 3 candlesticks look though. Selling pressure is visible but the bulls are buying. Ethereum             is still not in overbought zone so another wave up is still possible.

Buy strategy:
Buy when Ethereum             breaks out from that thick downtrend yellow line. Put a stop 2% lower from your buying position or the % depends on you.

1st support target:
Area between 0.085 to 0.086670
评论: If it breaks below support (orange dotted line)
评论: then we can see the price go lower before another move up

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评论: Candlesticks are looking good but volume isn't just there yet

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评论: Now, we're going down. There was not enough buying demand to push the price up.

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评论: That pin is a nice reversal indicator. Let's wait for ETH to break out from the top of this pennant.

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评论: Failed breakout. Shouldnt go lower than .0884

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评论: If this last candlestick stays green and its next candlestick closes higher, then ETHBTC is good

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