Total Quality
Score
2642.89
2300.0000000000
3400
ETHUSDT
1H
The video provides a technical analysis of Bitcoin and Ethereum. Bitcoin is forming an ascending triangle, a bullish continuation pattern, with a price target around $120,000-$130,000. The analysis draws a comparison from the 2020 ascending triangle formation, implying a breakout towards the upside. Ethereum is also showing the same ascending triangle formation, ETH is expected to test the range of 2700 and it is expected a new move after that. This video also notes that the analyst believes that it is time to accumulate altcoins, since in the last phase of the cycle, altcoins go most parabolic, after creating lower lows. If the ascending triangle fails, the bitcoin price will fall below the support line, invalidating this uptrend scenario.
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