If BTC doesnt screw this up we have a solid chance of breaking out on 4hr TF of ETH/USDT based on:
- Previous retest of the 1680 - 1690 resistance leading to continued higher lows, &
- RSI trending upwards.
- Another retest is coming
Invalidated if:
- We fall off directly from the structure being formed here.
- Retest at resistance (1680) & being unable to penetrate, which imo will lead to accelerated bottom retest.
Important: ETH/BTC is still on command breathing with not many signs of flipping the trend.
Interesting to see how this plays out.
- Previous retest of the 1680 - 1690 resistance leading to continued higher lows, &
- RSI trending upwards.
- Another retest is coming
Invalidated if:
- We fall off directly from the structure being formed here.
- Retest at resistance (1680) & being unable to penetrate, which imo will lead to accelerated bottom retest.
Important: ETH/BTC is still on command breathing with not many signs of flipping the trend.
Interesting to see how this plays out.
Trade active
For some reason the pennant I draw together with lines did not show up. Excuses. 
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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.