ETHBTC is situated into a Bear Pennant which is bearishWe have a very strong resistence Ichimoku Cloud) and also if you zoom a little bit this chart you can see a Bearflag into this Bear Pennant so the downtrend will confirmed
Cboe futures will expire in 16-17 october which will result into BTC dump and altcoins will follow
ETHBTC target is ~0.00275 btc for a Double BottomAfter we can see a nice breakout becouse the ichimoku will be less/thin and also double bottom is a reversal pattern
Trade active
ETHBTC SHORT in title not long,sorry for this.
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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.