Ethereum USD&BTC

2019年6月28日

Both Ethereum USD and BTC are in a falling wedge which is not a great performer according to Bulkowski's falling wedge stats. The ETHUSD had a dip below before breaking up from the falling wedge the target or top of the wedge is $1150, which means Ethereum can 3x in the coming months. On the other hand, ETHBTC is still within the wedge and seems not to have bottomed, where there is room for a dip below 2k stats which can take a few more months to confirm as we wait , but with the new development happening in bitcoin which seems to be in a retracement which favors altcoins especially strong fundamentals like Ethereum.
Altcoins will rally once bitcoin retraces, and move sideways(which should be reaccumulation phase for bitcoin).Bitcoin seems to be in a retracement pattern at the moment after gaining significantly in dominance once this is confirmed and it starts acting sideways we will see strong alt coins like ethereum breaking off in btc terms which will support the USD pair rally to the top.