Look At This !!! Ethereum (ETH) Is Trying To Breakout Resistance Against Bitcoin

Look At This !!! Ethereum (ETH) Is Trying To Breakout Resistance Against Bitcoin

By moon333 | moon333 | 15 Jan 2021


The importance of SMA 7 and 25:
The previous rally of 2017 ended when on the weekly chart, the simple moving average 7 crossed down the SMA 25. This time sofar the price action is retesting, again and again, the SMA 7 and did not break down it sofar.




Click here to create an account on Binance, the best place to buy or sell Ethereum



Critical resistance and Cup & Handle Formation:
On the long-term weekly chart, the price action is in a critical resistance zone which starts from $1200 and ends at $1600. Here the price action has found the resistance of the Cup and Handle pattern at $1200. And retraced almost up to 0.382 Fibonacci level to complete the handle of Cup. 


 Click here to create a free account on tradingview to watch and play the chart in realtime



For harmonic trading signals join:


If the price action will break out the 25 simple moving average resistance in the Bitcoin market. Then it can turn more bullish against Bitcoin and a very strong bull run can be seen in the US Dollar market as well.



Earn best ROI as passive income on eclipcityglobal by investing and mining UME token


Note: the above external link will take you to the eclipcityglobal page, Tron wallet or Tronlink wallet is required


Hi, My name is Atif Akbar and I am trading charts author of all kind of assets


Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.