Let's take another look at ETH.
Обновлено
Hi my friends,it's time that my last ETH Analyse need and update,so let's check what's new?
As you remember my last ETH idea,we had a successful launch from that bullish wedge by BTC slow movements and market uncertainly make things in ETH little wired.As i mentioned there we have a critical resistance here (red dotted line) that will slow down ETH a little,as i though we have a problem with it and after that whole our last movement in ETH from its last bottom formed a bearish wedge in my look that maybe can help ETH drop little and with testing blue line(last bullish wedge area, that we broke it) as support, try again to break resistance above us and continue our upward.(Chart bellow)
BTC again in this situation can lead again eth and break this resistance different in a better shape or drop down.
If you look at Fibonacci Retracement can see that eth show us a healthy climb till now and had normal reactions to every level of it.It's really show us that is more healthier than BTC chart and in a situation without BTC pressure,continue it's climb to our target.Or in ichimoku,we have a similar thing there,price just move above it with a little distance.It's not aggressive or too excited but it's OK.
So we can just monitor it to find out what market choose for us.lol ;))
I will update it as soon as find new signal.
As you remember my last ETH idea,we had a successful launch from that bullish wedge by BTC slow movements and market uncertainly make things in ETH little wired.As i mentioned there we have a critical resistance here (red dotted line) that will slow down ETH a little,as i though we have a problem with it and after that whole our last movement in ETH from its last bottom formed a bearish wedge in my look that maybe can help ETH drop little and with testing blue line(last bullish wedge area, that we broke it) as support, try again to break resistance above us and continue our upward.(Chart bellow)
BTC again in this situation can lead again eth and break this resistance different in a better shape or drop down.
If you look at Fibonacci Retracement can see that eth show us a healthy climb till now and had normal reactions to every level of it.It's really show us that is more healthier than BTC chart and in a situation without BTC pressure,continue it's climb to our target.Or in ichimoku,we have a similar thing there,price just move above it with a little distance.It's not aggressive or too excited but it's OK.
So we can just monitor it to find out what market choose for us.lol ;))
I will update it as soon as find new signal.
Заметка
We dropped from that wedge but thanks to BTC it was much more painful than what i though.ETH back all the way to it's last downward channel(bullish wedge),like there wasn't any break out at all.In this stage we need BTC to show the way,i hate this this but it's reality of market,honestly last day i found out that market will drop again and i mentioned it BTC Realtime #6, whole Alts movements show that BTC will drop and BTC chart show that all will drop.Заметка
Update here
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