Crucial point for ETH/BTC to declare whether it's going to rise to the top of its long-term channel or reverse and continue the Winter 2018 downtrend. This is a 1 day view. My suspicion is there will be a breakout to the upside given the recent momentum, bullish EMA cross, and relative strength of
ETHUSD relative to
BTCUSD. But no reason to take a position until a breakout in either direction is confirmed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.