IMPORTANT🔥

📈The CHARTS are giving POSITIVE signals for #Ethereum and NEGATIVE for #Bitcoin DOMINANCE

What are these signals and what could they mean⁉️

🔹$ETH is using its 2 previous resistances (ceiling zones) as SUPPORT (floor zone)

🔹From a technical analysis standpoint, this is known as a "throwback" and is POSITIVE for the future

🔹On the other hand, the ETH/BTC chart is testing the top of a triangle that has been forming for 8 years

🔹If it breaks upward, the rise could be truly PARABOLIC, and considering that the weekly MACD is giving a buy signal, the chances of this happening increase

🔹Lastly, $BTC DOMINANCE hit its resistance and started to fall

🔹This drop occurs JUST as the monthly MACD is about to give a sell signal

📍If the technical analysis is correct, ETH should continue to outperform BTC RETURNS and ALTCOINS should benefit