Ethereum CORRECTION Almost Complete
After breaking out of major descending wedge we've seen ETH going to 0.04624 vs BTC which triggered a small altseason.
I think ETH is going for 0.06-0.085 area in the near term after BTC reaches major resistance.
This could mean ETH could be ranging for a while since I think BTC is going to reach $55,000-$67,000 levels sometime soon.
I also think that BTC might have some correction back from $67,000 down to 40s, depending on volatility.
This means ETH could go from $3300 to $5300, depending on BTC levels.
Again, depending on BTC (where does it go this year, 60k/100k/300k?) we're probably going to see a couple of smaller alt seasons and most probably one major one, which, in crypto slang, is going to 'melt faces'.
Not a trading advice.
I think ETH is going for 0.06-0.085 area in the near term after BTC reaches major resistance.
This could mean ETH could be ranging for a while since I think BTC is going to reach $55,000-$67,000 levels sometime soon.
I also think that BTC might have some correction back from $67,000 down to 40s, depending on volatility.
This means ETH could go from $3300 to $5300, depending on BTC levels.
Again, depending on BTC (where does it go this year, 60k/100k/300k?) we're probably going to see a couple of smaller alt seasons and most probably one major one, which, in crypto slang, is going to 'melt faces'.
Not a trading advice.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.