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f-73
Jul 8, 2020 6:52 AM

[Watch it] ETHBTC at resistance.  

Ethereum / BitcoinBitstamp

描述

Ascending rectangle(s) with 2 possible exit routes. The first one possibly in July.
Watch it.

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Nice breakout ... and still in July.

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Matched ascending triangle theoretical target around 0.033 mark.

Perfect.

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TD count=9 on ETHUSD may hint an upcoming pause and/or cooldown.

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Let me add that Ether finally matched first target of the ETHUSD analysis i've posted 7 months ago:

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Trying to breakout an ascending triangle.



we'll see.
A lot depends on what BTC will do.

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TD count=19 on ETHUSD.
Very stretched.



Unless Bitcoin breaks out i think ETH will have a substantial pullback from here.

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Longest recent strip was a TD=20 back in february ...
We'll see.

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Here is the pullback.
10% down already and red one forming after 19 candles.

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Testing again upper limit of previous channel.


Nulls should try to keep price within a triangle or a further leg down would become likely. Watch for daily close.

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So we had a nice triangle breakout.



Looks good.
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f-73
@Kikaha, soon to say.

It did pull back to the edge of previous ascending channel.


If it loses 360$ then i think a further 10% down to lower bound would be likely.
Again, that's blind speculation for now. Too early.
Let's look at Bitcoin.
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