On this chart, showing Etherium performance relative to Bitcoin one can see a decisive breakout in 0.05 area. Long term that could indicate further upside in this pair.
The targets, according to Fibs are: 0.07, 0.09, and 0.1
What could be the reason for this sudden outperformance? Please share your ideas!
NFA, do your own analysis and decide accordingly.
Happy trading!