ETH-BTC - Momentum could continue as BTC moves sideways
Volume looks strong. Momentum could continue as BTC struggles to find momentum (Futures uncertainty).
Target 1: 0.1064
Target 2: 0.127
Target 3: 0.156 (New All TH)
SL: 0.069 to maintain the RRR below.
RRR: 2
Good luck. Not investment advice.
Target 1: 0.1064
Target 2: 0.127
Target 3: 0.156 (New All TH)
SL: 0.069 to maintain the RRR below.
RRR: 2
Good luck. Not investment advice.
ETH did gained against BTC for sometime but has now dropped back down.
Looking for current levels:
- Price bounced of the important 0.382.
- RSI bottomed out at a (slightly) higher level than the previous low.
- Price is getting back to the 200 EMA which might act as further support. Slight below that the 0.0688 price was a previous S/R
- If price does not hold here then price could drop down to the 0.236 fib which has also been historical S/R several times.