WATCH: Crypto Technical Analysis August 23, 2022: Ethereum Versus Bitcoin (ETHBTC)

2022-8-23 16:59

In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at Ethereum ahead of the upcoming Merge using the ETHBTC monthly chart.

Specifically, this episode looks at the Ethereum versus Bitcoin trading pair using the Parabolic SAR, Ichimoku Cloud, and much more. Take a look at the video below.

VIDEO: Ethereum Versus Bitcoin Analysis (ETHBTC): August 23, 2022

Looking at Ethereum’s monthly chart, after a clear violation of the last uptrend ending in 2017, Ethereum entered a bear market against Bitcoin –– yet was able to build a stable rounded base over the last five years.

Rounded Support And An Inverse Head And Shoulders

The rounded pattern has also potentially formed an inverse head and shoulders bottom. With a foundation built and the Merge on its way, this trade has a lot of potential. From the swing low of the pattern to the neckline produced a 350% climb.

Applying the measure rule multiplied by the pattern’s percentage of meeting its price target, the pattern’s target is roughly 250%.

Will the right shoulder confirm the pattern? | Source: ETHBTC on TradingView.com Could The Parabolic SAR Suggest The Flippening Is Ahead?

Turning on the Parabolic SAR, the tool suggests a new uptrend could be forming. Parabolic SAR stands for stop and reverse, and tells the market when that moment has occurred. Traders utilize the tool to place a trailing stop loss above or below the SAR counter to the trend.

The last two times this signal triggered on monthly timeframes, Ethereum climbed more than 1,000% and 250% against Bitcoin respectively. The second number supports the price objective of the inverse head and shoulders pattern.

Is Ethereum about to go parabolic against Bitcoin? | Source: ETHBTC on TradingView.com ETHBTC Still Stuck In The Clouds

For now, ETHBTC remains stuck under Ichimoku cloud resistance. Breaking out from the cloud could provide the thunder and lightning Ethereum bulls are looking for.

Price is above the Tenkan-sen and Kijun-sen, which are also crossed bullish. Looking back at the Chikou span, price is at a critical resistance level with only one higher resistance level remaining until price discovery occurs.

Ether can't get out of the clouds... yet | Source: ETHBTC on TradingView.com

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Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com

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ethereum ethbtc episode using bitcoin analysis technical

Источник: newsbtc.com

ethereum ethbtc → Результатов: 20


Ethereum Merge: How ETHBTC Could Hint At A Return Of Risk Appetite

The merge is near, so it’s Ethereum time to shine. The eternal second most popular cryptocurrency by market capitalization has been outperforming bitcoin for the last few days. Is the reason the return of the market’s appetite for risk? Or is it just the fact that Ethereum’s developers announced a specific date for the mythical merge? Let’s examine the numbers, the facts, and the experts’ opinions to figure out exactly what’s going on.

2022-7-20 12:55


Фото:

Ethereum is About to Test a Key BTC Resistance Level; What Analysts are Saying

Ethereum has finally broken its trend of underperformance against Bitcoin, with the crypto’s recent break above $700 allowing it to gain some ground on the ETHBTC pair This strength does appear to be growing, as the crypto has yet to face any harsh rejection around its recent highs, despite Bitcoin’s potential blow-off top at $28,500 BTC’s ongoing consolidation phase may turn out to be highly bullish for ETH and other altcoins One trader is also […]

2020-12-30 01:00


Ethereum is Poised to See an Explosive Surge to $850 as Strength Mounts

Ethereum has seen some wild price action over the past few days, with its bulls moving to erase its pattern of underperformance that has plagued its price action The crypto is now sitting firmly above $730 and may be positioned to see even further upside in the coming days This rebound seen against its USD trading pair has also come as it shows subtle signs of strength against BTC as well Weakness on ETHBTC has […]

2020-12-29 23:00


Ethereum “Crashes Heavily” Against BTC as Market Faces Strong Pullback

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2020-10-29 23:00


Фото:

The Ethereum Investment Case Has This Unexpected Achilles’ Heel

With the next crypto bull run on the horizon, investors have speculated that Ethereum will be one of this cycle’s best investments. As reported by Bitcoinist previously, Chris Burniske, a partner at Placeholder Capital, said that he thinks Ethereum could rally to $7,500 in the coming years: “If BTC goes > $50,000 in the next cycle, and ETHBTC returns to its former ATH, then expect to see ETH > $7,500. To the mainstream ETH will be […]

2020-6-15 13:00


Фото:

Аналитик назвал условия роста цены Ethereum выше $7500

Партнер венчурной фирмы Placeholder Крис Берниске допустил рост цены Ethereum выше $7500 в случае, если рыночная стоимость биткоина превысит $50 000. If $BTC goes > $50,000 in the next cycle, and $ETHBTC returns to its former ATH, then expect to see $ETH > $7,500.

2020-6-15 12:56


Крис Бурниске допустил рост цены Ethereum до $7 500

Партнёр фонда Placeholder Крис Бурниске считает, что на следующем подъёме Ethereum может легко перешагнуть свой исторический максимум, если будет соблюдено несколько условий. If $BTC goes > $50,000 in the next cycle, and $ETHBTC returns to its former ATH, then expect to see $ETH > $7,500.

2020-6-15 12:07


Here are the two major reasons Ethereum dropped 50% against Bitcoin in the past 7 months

Since May 2019, the price of Ethereum has dropped by around 50 percent against Bitcoin. The ETHBTC pair across major exchanges declined from 0.0347 BTC to 0.01762 BTC within seven months. Behind the lackluster performance of Ethereum against Bitcoin since 2019 are: a correction in the crypto market in the latter half of last year […] The post Here are the two major reasons Ethereum dropped 50% against Bitcoin in the past 7 months appeared first on CryptoSlate.

2020-1-8 13:42


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