Chart Pattern Analysis Of ETH/BTC

K3 verified a potential support,
It tested a nearest downtrend line.
K3 will likely stand upon H2 or H1.
It stopped the bearish momentum of K2.
It is likely that the horizontal trend here is still preparing to reverse the long term bearish market.

So, I still hold more ETH than BTC.
If the following candles stand upon H0,
It is likely that the bullish market of ETH/BTC will come up.

Đóng lệnh: dừng lỗ:

K3 close below K1 and the neck line of a potential double top pattern.
I have to stop loss here.
It is a big loss for me.

I will decrease the positions of ETH and the relevant L2 tokens,
And increase the positions of BTC, Crypto AI tokens, Sol Ecosystem tokens.

Bình luận:

From K1 to K3,
It is not a smooth downtrend,
But still, K3 break down the neck line of a potential double top pattern under average high volume.
So, lt is likely that the following candles will drop to test the lower price of K0.

On the other hand, the demand of K3 increased,
The neck line is also a potential support,
If the following candles stand upon the support,
The bear market will likely be reversed.