ETH/BTC is currently trading on a bearish channel going to the next possible support at ~0.05 range. On the daily, Ichimoku completely bearish , RSI as oversold as couple of times in the recent past, like right before its previous bull run, but also forming a falling wedge pattern. Now considering the hourly, we see a clear bearish pitchfork and a bullish divergence , so we may see some pump in the short term but probably it won't last long.
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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.