JeanJean1983

ETH - further rise still expected close to 4300

Long
JeanJean1983 Updated   
#ETHUSD => Bullish run in progress (4300 almost reached)
#ETHBTC => keeps upside potentiel towards 0,085 and 0,1340
#BTCUSD => Stuck in Range Pattern

=> On Tactical horizon : Further ETH exposure vs BTC is likely - with a potential to reach 5250 for ETH while BTC will remains rangy

What to do in this configuration?
On tactical horizon (1 to 3 weeks), hold ETH by accumulating in dips around 3800/3500 to play 5250 - Alternative case by penetrating 3500 will open 3000 max 2300
Comment:
ETH broke successively 3800 before 3500 invalidating the direct rise.

The alternative target has been almost reached at 3000.

By watching BTC at 43K and ETH at 3000 i would say it is better to keep a bullish picture for the coming days -

The short on BTC was successful and the ETH trade has been stopped at 3500 (entry 3640).

new analysis is coming soon

CIO & Head of market research (Automata - Akt.io)

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