1. Chart Overview Pair: ETH/BTC (Ethereum vs Bitcoin) Indicators: MACD (Moving Average Convergence Divergence) with histogram and signal lines. 2. Price Action The price had a major peak around 0.16 BTC per ETH, followed by a sharp decline. After the peak, the trend shows a series of lower highs and lower lows, indicating a long-term downtrend. Recently, the price seems to have stabilized and is slightly recovering from the recent low near 0.05 BTC. 3. Key Observations Current Trend: ETH/BTC is in a recovery phase after a long downtrend. MACD Signal: A bullish crossover is likely soon, which historically led to strong rallies. Support Zone: Around 0.05 BTC (recent low). Resistance Zone: Around 0.08 BTC (previous consolidation area). 4. Possible Scenarios Bullish Case: If MACD confirms crossover and price breaks above 0.08 BTC, ETH could outperform BTC in the coming months. Bearish Case: fails and price drops below 0.05 BTC, the downtrend may continue.
- 0 replies
- 0 recasts
- 0 reactions
- 0 replies
- 0 recasts
- 0 reactions
- 1 reply
- 0 recasts
- 1 reaction