Topic: BTC/ETH Technical Analysis: Breakout soon? - page 2. (Read 270 times)
A break out should have happened to ethereum a long time ago but we are still waiting. Perhaps this period of stability is good for the ETF applications concluding next week
The pair seems to be testing its long-term descending trend line, and may find some price support in the form of its 200-day SMA. A break above the trend line could see ETH gaining ground on its BTC cousin.
This is already anticipated, the test has been on and I'm expecting a break. Of course we do know also that all pairs will follow the trend of btc. It is with time that we are going to see ETH growth.
https://imgur.com/bu9eI13 (credit: chart from Sigma by Hydra X)
Hi everyone
The ETH/BTC pair been consolidating in a long-term triangle since its highs from early Feb 2018, and is approaching a technical inflection point. The pair seems to be testing its long-term descending trend line, and may find some price support in the form of its 200-day SMA. A break above the trend line could see ETH gaining ground on its BTC cousin.
However, given the tepid nature of price action, lacklustre volumes and a lack of momentum as reflected by stochastic levels, traders should manage expectations of any breakout being explosive.
Hi everyone
The ETH/BTC pair been consolidating in a long-term triangle since its highs from early Feb 2018, and is approaching a technical inflection point. The pair seems to be testing its long-term descending trend line, and may find some price support in the form of its 200-day SMA. A break above the trend line could see ETH gaining ground on its BTC cousin.
However, given the tepid nature of price action, lacklustre volumes and a lack of momentum as reflected by stochastic levels, traders should manage expectations of any breakout being explosive.
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