Ethereum flashes a classic bullish pattern in its Bitcoin pair, hinting at 50...
The formation of a bullish trading pattern suggests that the ETH/BTC pair could be on the verge of a trend reversal. Ethereum’s native token, Ether (ETH), looks poised to log a major price rally versus its top rival, Bitcoin (BTC), in the days leading toward early 2023.Ether has a 61% chance of breaking out versus BitcoinThe bullish cues emerge primarily from a classic technical setup dubbed a “cup-and-handle” pattern. It forms when the price undergoes a U-shaped recovery (cup) followed by a slight downward shift (handle) — all while maintaining a common resistance level....
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Ethereum Classic recent surge was impressive against Bitcoin, and it looks like there are more upsides left in the short term. Key Highlights. Ethereum Classic (ETC) moved higher further against Bitcoin and traded as high as 0.0030BTC. There is currently a contracting triangle pattern formed on the 30-min charts of ETC/BTC, which may break soon for the next move. The chances of an upside break are more considering the current market sentiment. Ethereum Classic Trend. Ethereum Classic price ETC enjoyed a decent upside ride against Bitcoin recently, as the bulls managed to clear a couple of....
Ether has printed a classic bullish reversal pattern against Bitcoin weeks before the Merge launch date. Ethereum's native token Ether (ETH) has rebounded 40% against Bitcoin (BTC) after bottoming out locally at 0.049 on June 13. Now, the ETH/BTC pair is at two-month highs and can extend its rally in the coming weeks, according to a classic technical pattern.ETH paints cup and handle patternSpecifically, ETH/BTC has been forming a "cup and handle" on its lower-timeframe charts since July 18. A cup and handle setup typically appears when the price falls and then rebounds in what appears to....
Ethereum classic price continued its uptrend and gained by more than 20%. However, I feel it may be topping soon for a short-term correction. Key Highlights Ethereum classic price surged higher against Bitcoin and traded close to the 0.0048BTC level. There is likely a double top pattern forming around the mentioned level, so the bulls need to be very careful. There is a bullish trend line formed on the hourly chart of ETC/BTC, which may act as a support if the price corrects lower. Ethereum Classic Price Resistance Ethereum classic price ETC surged further during the past 24 hours against....
Ethereum classic price struggled during the late part of August 2016 against Bitcoin, and it may remain under pressure in the near term. Key Highlights. Ethereum classic price after an impressive run during the start of August against Bitcoin failed to sustain momentum. It looks like the ETC/BTC pair is forming a consolidation pattern on the 4-hours chart (data feed via Simplefx). On the upside, there is a major resistance near 0.0035BTC, and on the downside support lies at 0.0022BTC. Ethereum Classic Price Range. Ethereum classic price after trading as high as 0.0063BTC against Bitcoin in....
Ethereum classic price is attempting a recovery against the Bitcoin, and it looks like ETC buyers may attempt to take the price towards 0.00170BTC. Key Highlights. Ethereum classic price stayed above yesterday’s support area of 0.00153BTC against the Bitcoin. Yesterday’s minor new bullish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) acted as a support once again. The pair is recovering, and there are chances of more gains in the short term. Ethereum Classic Price Recovery. ETC Classic price after yesterday’s decline managed to find bids against the Bitcoin at....