Sticky-Stock

ETH.BTC (Long Term Full Analysis)

Short
BINANCE:ETHBTC   Ethereum / Bitcoin
Hello Guys.
How are you?
I hope you are well.

let me say something frankly, it's NOT financial advice.
It's just a vision that belongs to me.
Please just see, think about that, and finally don't hesitate to write your comments.


Today I want to talk about ETHBTC

As you can see we are still in a bearish trend. because we always see a lower high in the chart.
First, I drew a trend line. As you can see, we had four hits on the trend line. It means this trend line is valid so much.
that's really amazing. it proves to us we can expect to see a reaction when the price touches this trendline.
That's really the best zone to buy ETH for the long term and hold.
I drew two support zones. the first one is around 0.04957 and it's really strong.
If you change the price from line to candle stick, you see there are four hits on the trend line.


So, this zone has the ability to push the price up.
although, I believe that the price will lose the first zone finally. Keep it secret, Please.
I'm waiting for the price to touch the second zone to buy ETH.
by the way, we have a flag, based on the flag's theory, when the price succeeds in breaking the low of the flag, A more optimistic approach would be to measure the distance in dollar terms between the pattern’s high and the base of the flagpole to set a profit target.

Also, we have a very positive reinforcement between this red trend line and the first green support zone.
This helps the price to stop dropping.
But if the price loses this zone, the next support zone will be active around 0.02688.

Let me tell you something different, I counted all the waves based on Elliot's rules. please pay attention to the below photo and tell me what you think.


I bet you can buy whatever you want at an amazing price. the rule of buying is being patient. and hold for the long term.
this is the main secret ...


Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends.

And tell me what do you think?
Do you agree with me or not?


Wish you health and success

Sincerely Yours
Ho3ein.mnD



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.