What is Setting Up Next for Ethereum, XRP and This Ignored Crypto?

What is setting up next for Ethereum, XRP and this ignored crypto? In this video, Zak Mir and Alessio examine the charts of Ethereum (ETH), XRP (Ripple) and Solana (SOL). Which chart has potential hidden strength and which looks the weakest? What is likely setting up for ethereum based on the charts? We look at the charts and explain. #ethereum #xrp #alessiorastani

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So Zack first of all weakest link let’s go with the bad news the weakest link what do you think yeah the weakest link I think by some margin is IDE well for me it’s all about holding 20 the 2050 area if that’s the case what could be your next potential Target on ethereum

All right guys hello and welcome we’re joining here my good friend and analyst Zack Mir in this particular video I want to ask Zack about his view about ethereum and also some other crypto charts which you can see here on this particular chart I’m going to ask Zach

What he thinks about the structure uh and indeed which particular chart part of these cryptos he favors the most so a little bit of a game uh we’re going to play kind of a blindfold test with Zach and what he thinks about ethereum overall is he bullish or bearish on the

Crypto charts all right guys join Us all right guys welcome back Zach thanks so much indeed really appreciate it before we go on to the crypto charts just remind us that uh about your experience in the past so very briefly uh you’ve been Trader and also you worked in several brokerage firms sorry

This it sounds a bit rude but in the 80s uh obviously well actually to be to to save anyar we’re practically the same age anyway I I actually um I suppose I had work experience in the 80s uh so that’s the late 80s just after the crash but then I started working for

Derivatives broker in the brokers in the 90s so I am actually very old um that was Wolf of Wall Street time so you can imagine what that was thanks Zach by the way guys make sure you go ahead and check out and follow Zack on Twitter the

Uh Twitter handle is Zacks Traders Cafe as you can see right there I’ll put the link for you guys in the description go and follow him uh he puts a lot of great material there also Zach puts out a weekly video for our members uh so go

Ahead and watch his weekly members video which covers the charts of major crypto charts like Bitcoin and ethereum uh in our members video so go ahead and uh check that out guys we’re going to do a little game with Zach here if that’s okay with you so guys uh what I’m going

To do is I’m going to show Zack three charts and I’m going to ask Zack what his view is which of these three charts does he prefer from structural again chart perspective just purely Technical and I’ll show what I mean let me just go ahead and share the screen now now

Obviously I’ve deliberately removed the prices from the chart and the symbols because last time I did one of these games uh people said well it’s obvious Zack Zach will know what we’re dealing with because he can see the prices and obviously even though I remov the

Symbols I just want to ask your opinion from purely chart technical perspective based on this is a weekly chart by the way Zack as you can see for yourself weekly charts three different cryptos let me just uh point out Bitcoin is not one of them so Bitcoin is not one of

These three however I’m not going to tell you which of these three is which they’re three major crypto charts but I was want to ask you which of these to you stand out just strike you as the strongest and which which of these is the weakest link in your view what’s the

Weakest link what’s the strongest link by the way Zack for people who don’t know the moving averages that on my chart the the blue is the 21 one weekly moving average so blue is 21 moving average the green is the 200 obviously and the Orange is the 100 and so on and

So on so Zack first of all weakest link let’s go with the bad news the weakest link what do you think yeah the weakest link I think um by some margin is chart B uhuh um obviously going below those near-term moving averages looks as though it’s ready to uh uh break down

It’ll be very difficult to get out of that after the sort of the the the spike that you had back in the summer which basically you know triple tested resistance from the early part of the previous year so it’s difficult to get out of that one we

Haven’t broken down yet so there’s a there’s an element of hope there’s probably a trend line there from uh back in back in 2022 so we haven’t broken down that uh yet but uh B is not nice uh the other the problem here though is that actually a could turn into

Uh B even though at the moment a a could be where B was back in the summer that’s the that’s the issue there so a could be having its summer 2023 Peak now and then we have a dip to the towards those averages and then a lower

High and all that sort of stuff like that but obviously at the moment a is fine you know there’s nothing’s gone wrong yet I’m just you know it hasn’t broken back the old resistance from last year so that’s fine but strong so what about the strongest link Zack what do

You think so I just love SE I think that’s fantastic especially after that bear trap right at the turn of last year um where you had a you know temporary new low and everything else and that u-shaped pattern is just um if you’re a chartist it’s the you know it’s the best

Thing you can see um in terms of the you know the best of the bunch I really like to see very nice indeed and current situation you’ve got that you know the move higher s of impulsive move higher uh new new lows coming in at or above

Old highs on the way up and so you know it looks looks very good indeed it looks as though it would at least retest the the the leftand Peaks you know from 2021 on on that that situation so and obviously we had a golden cross with those uh with all the new averages

Golden crosses there all around and even in the near term holding above the tightest moving average which I suppose can’t guess what it is but uh looks like um a seven we moving average or whatever it is yeah eight em yeah the red one is

Eight yeah yeah well there we are what a guess I agree with you Zach B is the weakest link out of these three I mean do you have any instincts just what do you what is your view do you have any hunches as to which of these might be

Which that’s a good qu no well I mean I’m I’m I’m I’m guessing the a is ethereum but may be to totally you’re right a a is ethereum I don’t think I’ve ever seen I wish I’d seen C before because I really like it so I

Don’t yeah okay there we go R yeah yes so a you’re correct Zack a was ethereum eth B was xrp Ripple C was salana did that did that surprise you anyone uh it well it all surprises me now because um I already look at the daily I don’t look

At the weekly so even though I I look at salana every week and ethereum every week but I’ve stopped looking at Ripple for quite a while so yeah since it came back into the into the into the phas so salana very happy to see that’s the one

Because I really I really like that anyway on the daily chart and ethereum is sort of echoing the Bitcoin pattern so that’s why I sort of guessed it was it was does a change your mind in any way now you so now that you you know

Which one is which uh ethereum xrp does it have a different impact on your point of view what about ethereum because you sounded like um some people probably thinking you might be quite bearish on ethereum what do you think about yeah no I think it’s F it’s fine but I’ve just

Seen chide that before we think right that’s it we’re you know we’ve done we’ve done all the basing we need to do the key is holding a above that April 2023 so that above that it’s fine but it’s just I’ve seen you know it’s just like literally um the the the Ripp the

The Ripple chart um you could you could you know that that Peak the the high that it had last summer could be where you know when they put you are here or whatever it is you know on on a map um the that summer Ripple Peak could be the

Peak that we’re having uh now at uh at ethereum so that that’s that’s all but we you know it it’s it’s just we need to stay above whatever those April highs were for ethereum here’s a question I got for you and I don’t have any prices

On um xrp here but let’s just put it this way if xrp was to break down below this low that it made in the summer and October of last year would that be a very bearish sign for you if that if that if it broke down hasn’t broken down

That yet you did mention a trend line though which you’re right probably a trend line somewhere yeah somewhere I didn’t draw I think that it’s actually you know now that I sort of know what it is yeah which is cheating a bit um it sort of gives me the view that Ripple

Would follow ethereum rather than ethereum following Ripple so that would be the uh yes that’s sort of the way around it these things tend to work true true you know you’re not going to have e ethereum and Bitcoin and Sal head for stars and ripple heading for the bin

Unless you know yes yes the authorities were on the case so so that’s would you agree that it I mean Ripple would have to take out this level here the I would say the Autumn highs of last year we would have to take out this resistance level here at the October November highs

Minimum for you or for me to get bullish would that be correct uh Zach well you could have a you could have a diagonal which would be lower than that so i’ probably go as well so a diagonal from from the summer Peak uh so that would be

A bit lower and as I’ve said uh in my defense I have you know I think there’s an uptrend line there so we could literally be bouncing off that wherever that line is um uh you know it’s difficult to draw it like that yeah but wherever that line is we could be

Bouncing off that at the moment so okay so I I wouldn’t but but I as I said I think the other markets are going to drag Ripple higher Ripple Ripple’s the baby and uh the other ones would you know you you you’re not going to have Bitcoin at 68,000 and ripple you know

Breaking down is very unlikely I mean it’s possible but it’s very unlikely so do you think um do you think salana might retest the highs of 2021 yeah I’m expecting that to to to happen it’s behaving very well at the moment let’s go and look at ethereum now

I know you I know we’ve already mentioned ethereum slightly earlier but just generally on this weekly chart um do you think what are the odds for you of ethereum testing alltime highs I think no I think it’s you know you you got to remember how painful that move

Down was from know 4450 to you know that that low uh the year before last or whatever it was and uh that takes a lot of time for people to gain the confidence back and so I would imagine that probably people you know trading Bitcoin rather than ethereum or looking at you know

Looking at other markets rather than this one um I wouldn’t I wouldn’t have a problem so much with with that but I think the good way of anal analyzing it is that this is actually that sort of Bitty chart action you’ve got is actually suggests that we’re if we’re

Going to go up it’s actually very early days yet and the market is still quite tentative so um you know the dips at the moment hopefully are dips to buy into uh towards 2050 etc etc and so I’d take a positive I would take a positive uh look

On that and iide well for me it’s all about holding 20 the 2050 area 2050 are so you’re looking yeah that yeah yeah that that it’s all about that really okay interesting that’s also the up that’s also the uptrend line area area yeah absolutely yeah so so for me it’s

All about that and you’ve got a golden cross there coming in now as we speak and I think that’s all good um but it it’s the the the bitty price action may just be because um the market is still getting over what was you know a really

Bad fall um for uh what was that 2122 yeah so as long as uh ethereum holds 2050 approximately here these these levels you’re remaining a bull uh in your view so in your view are bullish but uh if that’s the case what could be your next potential Targets on ethereum

In the next C months it’s up to that 61.8% it’s the 3350 area so that’s you know I think that’s quite uh and in this market when it moves it can really move right so yeah and you know before it moves it doesn’t actually look as it’s

It’s a bit of a weird one before it moves You’ never realize it was going to you know start start moving but uh thanks very much indeed Z it’s really interesting and appreciate it guys make sure you go ahead and check Zach’s Twitter feed Twitter handle Zack Traders

Cafe I follow him as well pop just great material there and also watch Zach’s weekly video uh the members video where it covers the charts of uh Bitcoin crypto charts and also Tesla as well thank you very much indeed Zack really appreciate it thank You