The current trend pattern being formed by
ETHBTC
seems to resemble what we saw with
BTCUSD
, where we had a notable head and shoulders pattern followed by a bullish run again, with further head and shoulder signs. Ultimately we know where BTC went, but will Ethereum follow suit?
Looking for resistance at the current bull run on Ethereum and seeing if this breaks previous resistance or is cut back. RSI shows an oversold situation and may be time for correction in Ethereum market as news of other enterprise solutions and projects they support gathers steam.
Note this is not financial advise, and is intended for educational purposes.
ETHBTC
seems to resemble what we saw with
BTCUSD
, where we had a notable head and shoulders pattern followed by a bullish run again, with further head and shoulder signs. Ultimately we know where BTC went, but will Ethereum follow suit? Looking for resistance at the current bull run on Ethereum and seeing if this breaks previous resistance or is cut back. RSI shows an oversold situation and may be time for correction in Ethereum market as news of other enterprise solutions and projects they support gathers steam.
Note this is not financial advise, and is intended for educational purposes.