Eth/btc pairing has getting hammered and has lost almost 90% of value since ATH. Looking at higher time frames I caught that the RSI is nearing 40. In bull markets usually 40 should be the bottom. I think there will be a bounce sometime this month. Also, keep in mind RSI may go lower than 40 this month but the close just needs to stay above a 40 RSI. There has been a falling wedge forming with the apex coming into play in early 2020.
Some areas of support are .01866, .01493, and .01032. Eth/btc is right on the .01866 support right now. If you are here for the long run buying some Ethereum at these prices and having ladder buys on next support wouldn't be a bad idea.
Some areas of support are .01866, .01493, and .01032. Eth/btc is right on the .01866 support right now. If you are here for the long run buying some Ethereum at these prices and having ladder buys on next support wouldn't be a bad idea.
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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.