Ethereum vs Bitcoin

29 ต.ค. 2019

Hi, dear Traders and Investors !
Monfex is at your service and today we overview ETH/BTC logarithmic chart analysis.

For almost a year we have been seeing a downtrend by ETH/BTC. But when will the altcoin season start ?

On many coins, there is a strong bullish divergence by RSI on the daily charts and we can safely assume that Altcoins are not far from dawn.

There is also a falling wedge, which also strengthens confidence in future growth.
Locally ETH has the resistance zone, line and MA50.

• The resistance zone ~ 0.0240
• The support zone ~ 0.0165
• The local resistance zone ~ 0.0215
• The local support zone ~ 0.0190
• Market Cap
  $20 129 045 035 USD
• Volume (24h)
  $9 783 945 815 USD
• Circulating Supply
  108 342 197 ETH

Share your thoughts, ideas about the market under the chart.

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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.