We are very close to 0.022BTC, a level beyond which it would be legitimate to expect the explosion of bullish volatility; difficult to put your hand on the fire at this moment on any alt, also by virtue of the fact that many analysts give for imminent an important fall of bitcoin, which could end up dragging all the other coins behind, on the other hand yesterday we saw a soaring in $ GAME prices, with a rise of as much as 150% that had not been seen in a lifetime and could be an indicator of the fact that other currencies will soon achieve equally important increases. So let's take a look at the charts to try to understand what to expect during this week, not without inviting a certain caution, as we have been doing for months now when we talk about altcoin.

ETH / BTC bulls' push is still weak

Let's start with the 30D chart which shows us how a big bullish divergence has been forming over the last few months, but without ever causing the explosion of bullish volatility that everyone hoped for; for the analysis of pivot points, instead, we will have to wait another week, so we will have to arm ourselves with a little patience. Let's move on to the 7D graph from which we see that, although the MACD is bullish, the bulls do not seem willing to push hard; we can guess the reason by looking at the ichimoku cloud, which shows us how ETH is still in a bearish scenario and that the cloud is simply too thick to be broken. Even if there was a sudden and violent rise it could hardly push the price above 0.031BTC. Completely opposed to the perception we get by looking at the 1D chart, here the price seems again ready to emerge out of the cloud, entering a markedly bullish scenario also confirmed by the delay line.

Weekly forecast

Basically it's hard not to be bullish on ethereum this week, however I still consider it a gamble; I have never made any secret of trusting little of the currency created by Vitalik and, although I believe it likely that it will be able to travel again on the maximum, at this moment I consider it tend to be premature. However, according to what we read on the charts, especially on the daily chart, almost certainly the next few days will have a bullish trend; if you want to go long, however, give yourself a stop loss in the 0.019BTC area. Probably those who are going long on ethereum in the next few days will be satisfied if they take it, but I do not recommend making kamikazes on this coin, going long on ETH at this moment presents some pitfalls, so even if it will probably be a smart move, better take the necessary precautions.

Please note: this post is not intended to provide any financial advice regarding how to invest your money, but is for educational purposes only