ETHBTC Is Ready For A Bullish Continuation
Apr 18, 2023

ETHBTC

ETHBTC is ready for a bullish continuation, as we see it finishing a correction within uptrend by Elliott Wave theory.

Back on January 24, we mentioned and highlighted a corrective movement within uptrend on ETHBTC pair. CLICK HERE
As you can see today, ETHBTC unfolded nice and clean A-B-C correction right into projected support area, from where may now see a bullish resumption due to a slow down of BTC dominance.

Regarding dominance in the Crypto market, we can clearly see that ALTcoin dominance is stepping in, so be aware of ALTcoin season as mentioned and highlighted already 12 days back. CLICK HERE

ETHBTC Is Ready For A Bullish Continuation Daily chart
ETHBTC Daily Chart

ETH is currently one of the strongest and there’s a chance that ETHBTC pair may have a completed A-B-C correction within uptrend, which means that ETH could easily stay stronger than BTC, especially if ETHBTC pair breaks channel resistance line.

If you want to see a detailed view or more analysis like this then you may want to watch below our recording of a latest live webinar recorded on April 17 2023

Check our services and plans at https://wavetraders.com/elliott-wave-plans/

Do you find this interesting? Subscribe to our newsletter and stay up to date.

In our newsletter you will find all the news and macro reports about Forex, Crypto, Commodities and more. Don't miss a thing!

    DISCLAIMER

    Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

    The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

    Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

    By continuing to use the site, you agree to the use of cookies. Learn more.

    The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

    Close