ETHBTC: Ethereum is in an uptrend in the intermediate term
$ETHBTC shows a strong uptrend in place, with a good chance of accelerating after this weekend, which is charged with news, as the Enterprise Ethereum Alliance group releases a demo of the technology they have been working on, and a series of important events take place during next week and during June. If we hold up here, and just close here or higher, the weekly will confirm a new uptrend signal, with a considerable target, which I have labeled on chart here.
At the same time, we have a monthly uptrend currently active, which indicates two targets as logical and highly likely to be attained, 0.14 something and around 0.25 BTC, in the ratio chart here. Refer to my other $ETHEUR posts for the fiat targets and analysis. Although the chart is slightly different, strong trending moves in $ETHEUR will correlate with the $ETHBTC ratio going up for the most part.
Good luck if already long, if not, buy into it during a few days, price shouldn't drop below 0.0359 technically speaking, and any retest of the zone below would warrant a buy, but hopefully, it doesn't happen and it just trends up from here onwards.
Cheers,
Ivan Labrie.
At the same time, we have a monthly uptrend currently active, which indicates two targets as logical and highly likely to be attained, 0.14 something and around 0.25 BTC, in the ratio chart here. Refer to my other $ETHEUR posts for the fiat targets and analysis. Although the chart is slightly different, strong trending moves in $ETHEUR will correlate with the $ETHBTC ratio going up for the most part.
Good luck if already long, if not, buy into it during a few days, price shouldn't drop below 0.0359 technically speaking, and any retest of the zone below would warrant a buy, but hopefully, it doesn't happen and it just trends up from here onwards.
Cheers,
Ivan Labrie.
Commentaire:
Target hit, should grind sideways now.
Weekly uptrend is now confirmed