ETHBTC has recently broken out of its downtrend line and is looking to throwback to the upper side of it for strength before it bounces and continues. This perfectly coincides with the general market action where bitcoin is leading a sell off with ethereum following and alts are bottoming/turning around currently, which may be led by mother alt eth/btc.
Very clear and concise trade setup with this line.
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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.