ETHBTC: Ethereum acting strong

2017年1月18日

Ethereum is holding above the recent uptrend's mode, or 'accumulation level'. Despite the downside acceleration of the past few days, and rising volume, sellers are trapped again, and price is back above resistance. If it holds here, and accelerates out of this level, we'll get a second rapid uptrend leg. It could happen now, which it'd have to happen by tomorrow, or it can take a couple weeks, in which case the red bars' scenario would probably pan out.

ETHBTC has a lot more room to the upside, unlike ETHEUR or ETHUSD, which demand sideways action for 2-3 months, so, this makes me think probably ETH will continually outperform BTC's advances, while both grind sideways/up. I don't think BTC will drop anymore.

Good luck,

Ivan Labrie.

2017年1月21日

注释

Path #1 is discarded:

2017年1月25日

注释

Very strong accumulation here.

2017年1月30日

注释

Running out of time for a move respecting the support here.



If not, we'll grind sideways in a small range for a few more weeks.