On the last analysis I left for ETHBTC pair, I didn't really have much of an idea of whether the market was going to dip, and if the market would have dipped, the alts will generally take a bigger blow than BTC. This theory was the backbone of my previous analysis, however, the last price point was successfully defended.
The Chart:
The price action is just accumulating through the resistance which is an extremely bullish sign as there should be a lot of selling occurring in this region, however, there is very little occurring. Each time price drops, it tags the 21 MA and resumes its crawl up. Volume is low, however, its increasing as price moves through this resistance area. The RSI which was noted in the last analysis is also curling upwards, all of these are bullish signs and they are signaling for an impending move up against btc.
Previous Analysis:
The Chart:
The price action is just accumulating through the resistance which is an extremely bullish sign as there should be a lot of selling occurring in this region, however, there is very little occurring. Each time price drops, it tags the 21 MA and resumes its crawl up. Volume is low, however, its increasing as price moves through this resistance area. The RSI which was noted in the last analysis is also curling upwards, all of these are bullish signs and they are signaling for an impending move up against btc.
Previous Analysis:
