They Won't Detach | ETH Also To Go Lower +Altcoins Market Update

10 thg 2, 2020

I mentioned previously the possibility of Bitcoin and Ethereum detaching... We saw ETHUSD outperform BTCUSD in terms of percentages but when you look at the chart both are pretty similar...

Right now we are looking at a classic retrace that is about to take place. After a strong bullish move, there is always a retrace.

As prices for ETHUSD move lower, the first stop/support is found at EMA10 or around $209. I could say that prices can still move higher and we are still bullish as long as we are above EMA10 and what not but, I believe that prices will be dropping.

As EMA300/200 and MA200 were conquered, these levels now need to be tested as support.
The RSI and STOCH are already trending down, while the MACD is starting to curve.

ALTCOINS MARKET UPDATE
As Bitcoin, Ethereum, Cardano, Bitcoin Cash, Ripple, Litecoin, and Tron start to retrace the smaller altcoins will start to grow.

The altcoins market is extremely bullish and everything is already going up... As the biggest/giants in the market take a break before their next run, we will see our favorite altcoins enter something similar to a mini-bull run.

Thanks a lot for your continued support.

Namaste.