In the previous posts, I wrote that Ethereum would be able to become a very interesting market for investing. It was the period when the price reached the support line of the triangle chart pattern, and we could expect the price reversal.
Ethereum Vs Bitcoin . The 2nd coin Vs the 1st coin. Look at the of ETHBTC market. We can see that Ethereum is going to the Moon, and Bitcoin is losing the value. You can also see this trend in ETHUSD and BTCUSD markets where Ethereum is performing much better.
If the price breaks the upper line of the triangle, it will be a signal. The previous swing highs will become the targets for the upside movement. Ethereum will become stronger and interesting for buying.
Ethereum 2.0 will be able to increase the interest to the coin, and it will push the price upside. From my point of view, Ethereum looks much more interesting for trading and investing right now than Bitcoin . It is much more interesting from TA and FA points of view.
P.S. as I don’t use like-bots and other solutions that show great “interest” to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Published at Sat, 30 May 2020 11:22:10 +0000