Despite Bitcoin's recent breakdown, Ethereum is still looking healthy!
Chart 1a : ETH/BTC | BITFINEX | 1D https://www.tradingview.com/x/ezaRiltG/
My previous post on Ethereum shed light into how excited and BULLISH I have been for this coin. Chart #1 shows that Ethereum is holding strong on its price despite Bitcoin's bearish movements. The Kumo cloud is acting nicely as support levels as the price is slowly climbing up.
Look at that squeeze!
Chart 1b : ETH/BTC | BITFINEX | 1D https://www.tradingview.com/x/cuhnOEIY/
Ethereum is seeing a squeeze in price. I think breakout is quite imminent. The interesting part is that will this breakout lead to bullish movements for Bitcoin? Like I mentioned in my Bitcoin post, the next 12 hours will be very critical and interesting.
The following are my targets for Ethereum:
- 0.08860000
- 0.09810000
- 0.11300000 (recent ATH)
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Legal Disclaimer: I am not a financial advisor. None of the words, charts, jokes, and expressions written in this blog post should be read or interpreted as any form of financial or investment advice. It is purely for an entertainment purpose only. This post is my thoughts and opinions. I can be wrong. I have been wrong and I will be wrong many times in the future. It's for your entertainment ONLY.