kingthies

ETHBTC - Back to 'the norm'

Long
BINANCE:ETHBTC   Ethereum / Bitcoin
ETH confirming its higher high earlier in the Spring, and now showing a higher low as well, each being a basis/criteria when identifying an uptrend. Technicals not needed for this one - AMAZON is in Ethereum. There is a grade of Ethereum being developed known as 'ENTERPRISE ETHEREUM'. Fundamentally speaking, it is not going anywhere. Technically speaking, I expect a return to .1 BTC at some point, and almost expect more gains out of ETH than BTC in the coming bull run.

Immediate Plan:
.029 current price
.033 due in coming week, .038 after that. Expecting consolidation above resistance at that point and then depending on BTC performance, the trek to .1 continues.

Eric Thies
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.