This is a daily technical analysis of the Coindesk analyst and rented market technician Omkar Godbole.
Merchants seeking tokens who can see accelerated profits as manifestations of Bitcoin (BTC) may want to focus on Ethher (ETH) and the relationship between Bitcoin Cash (BCH) and Bitcoin.
Both have broken the prolonged low trends along with the bullish background formations in the main tokens of dogos and shib memes.
Ether rupture
The price of Ether has increased more than 8% today, drilling the line of trend (see the graphic of the left) that represents the bearish trend from the maximum of December above $ 4,100. In other words, the demand has finally managed to dominate the supply zone defined by the trend line, confirming an upward change in the trend of the market.
The three -line rest table (on the right) shows a similar break. The line breakdown table
It focuses on price movements and changes in the tendency to ignore time, helping merchants to filter the movements and noise of erratic prices. As a result, the signals in the line rest table are considered more reliable and lasting signals.
The rupture changes to the resistance between $ 2,300 and $ 2,400, the October and November support zone.
BCH/BTC
The relationship between the prices of the US dollar for Bitcoin Cash and Bitcoin has increased by 11% this week, exceeding a line of trend that characterizes the brutal one -year bears market.
Alcista development suggests higher BCH performance in relation to Bitcoin in the next few days.
Dux, Shib Fotencias
The market limits for Doge and Shib uploaded 7% and 5% at the time of writing, with their respective daily graphics that show a “rounding bottom” pattern.
A rounding background occurs after a significant descending trend, as in cases of Doge and Shib. and points to a change to a bullish market. It shows a change of lower ups and downs, indicating that the purchase of interest is beginning to increase.
