ETH potential for equilibrium
تم تحديثه
Hey guys, first of all to my American friends: Happy 4th of July! Freedom & Independence are very important. It was freedom from the government that has started the Bitcoin project. And many other peoples of the world still wish they had the independence that the Americans are celebrating today.
ETH, unlike grandpa Bitcoin, didn't reach Higher Highs today, which gives the potential for an equilibrium: We had the previous Highs at 487, Lows at 451, and now (potential) Lower Highs at 482. We are clearly above the 4H EMAs 12 & 26 , which gives us room for said consolidation. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
On the Daily we're clearly rejecting from EMA 26 compared to grandpa, who is still fighting to uphold it. One look at the direct correlation ETHBTC shows us the relative weakness: we're fighting to uphold the 0,07 range right now. So: keep an eye on BTC, as this can be a nice trading opportunity in the coming days. Eventually Bitcoin has to form Higher Lows on the Daily.
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
ETH, unlike grandpa Bitcoin, didn't reach Higher Highs today, which gives the potential for an equilibrium: We had the previous Highs at 487, Lows at 451, and now (potential) Lower Highs at 482. We are clearly above the 4H EMAs 12 & 26 , which gives us room for said consolidation. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
On the Daily we're clearly rejecting from EMA 26 compared to grandpa, who is still fighting to uphold it. One look at the direct correlation ETHBTC shows us the relative weakness: we're fighting to uphold the 0,07 range right now. So: keep an eye on BTC, as this can be a nice trading opportunity in the coming days. Eventually Bitcoin has to form Higher Lows on the Daily.
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
ملاحظة
Equilibrium tightening:
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