ETHBTCOn 1H time frame, falling wedge pattern could be seen forming.
The 3rd touch could end as a double bottom, as seen currently, with an inside bar pattern formed on the 4H time frame
On the DAILY time frame, price has retraced past 0.786 fib level and is closing in on 0.886 fib level,
while approaching a parallel channel trend line, this has been the only candle closed in green over the course of 10 days
Though price has moved under a nearby monthly close and weekly close, a move back above these lines will indicate more bullish momentum to come for ETH/BTC
Note
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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.