Bitcoin About To Put The Hammer On Ethereum? Channel Resistance
One of the key principles to successful long-term trading is to 'not be married to your positions'.
Despite our recent ETHBTC Weekly projection for growing Ethereum dominance...
...traders must also keep i mind that markets undulate like waves — and now might be Bitcoin's time to shine.
As we can see on the ETHBTC 2-day chart there is a clear price channel formed since the start of the new market cycle.
Price of ETH against BTC is right at the tippy top of that channel.. and has already shown signs of weakness by turning down.
This may form a significant top for ETHBTC with downward projections of 10% and 25% as possible.
Note: This is not trading advice, it is technical analysis that may help traders make informed trading decisions. Subscribe to us for ongoing updates.
Despite our recent ETHBTC Weekly projection for growing Ethereum dominance...
...traders must also keep i mind that markets undulate like waves — and now might be Bitcoin's time to shine.
As we can see on the ETHBTC 2-day chart there is a clear price channel formed since the start of the new market cycle.
Price of ETH against BTC is right at the tippy top of that channel.. and has already shown signs of weakness by turning down.
This may form a significant top for ETHBTC with downward projections of 10% and 25% as possible.
Note: This is not trading advice, it is technical analysis that may help traders make informed trading decisions. Subscribe to us for ongoing updates.
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