$ETHBTC - D1
Couldn't flip D1 100 MA, back at retesting D1 trend.
If orange (D1 trend area) can't hold, then that was it for now for ETH relative strength.
If defended, we give D1 100 MA another shot.
Would be very ETH to continue relative strength but still depreciating in $$.
Pierre
@pierre_crypt0
12-11
$ETHBTC - D1
- Broke D1 downtrend
- Retested it + H4 200 EMA from above
- Defended it
- Filled gap to D1 100 MA
Now trying to break through it while BTC still fighting sub D1 downtrend. D1 trend -> D1 100 MA was the main gap I was watching for ETHBTC strength... I guess now we x.com/pierre_crypt0/…
Losing H4 200 EMA && D1 trend. Was D1 100 MA gap fill… all it could give ? 🫡
Reclaiming it was the best trigger for recent move to D1 100 MA.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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