ETHEREUM Makes New High -- Still Correlated To BTC

in #ethereum6 years ago

Screen Shot 2018-04-18 at 9.52.53 PM.png

Well, good news for ETH...after getting hammered for a long time, we're seeing ETH rally and make bullish patterns over Papa BTC.

We have the close coming of a cup and handle pattern. If this plays out longer we'll see pullback to the $520 level and then continued upside.

Hourly RSI is overbought which should align perfectly with the "handle".

We'll keep an eye on correlation, but so far it's still looking like the bulls are in control.

Happy trading!

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btc down 7k8,sell now

Nice extraordinary post of crypto currency.

I would be great to see a continued upward trend.

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nice post

good...cryptocurrency

Good read, I just started trying to buy and sell some crypto .. nice insight but I don’t trust Most exchanges.

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