ETH/BTC seems to be forming a 3-day span double bottom @ 0.02785. Combined with a Bullish Divergence , this is symptomatic of a 5th wave down(5th subwave > 3rd wave down of wave C). I would like to see a volume infused bounce from here to form the 4th wave up.
Note
Seems 5th wave is still ongoing. I have a trendline support around 0.0273. If this trendline breaks, it could go a lot lower. RSI is still bullishly divergent, though.
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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.