ETHBTC hitting monthly support, likely to bounce from this zone
Updated
ETHBTC is hitting monthly and weekly support level. This zone should be a good place for it to bounce. There is another weekly support sitting here in case this one fails but I think this is already a good zone for bounce. It is possible that the price might spend some time inside this zone before it starts upward movement.
Note
As expected the price bounce strongly from the monthly+weekly support zone. it remained short of touching the target for now before retracing substantially. It might revisit that support and also might spend some time there. But any revisit to that support also qualifies for further long position.If you like the content and find value in the posted analysis, please give a like and if you want to get notified about any new idea posted, please follow this account. I also share ideas on twitter, so if you want to tune to that, please check my twitter account: twitter.com/angela_altair
Note
The last update talked about revisit of that support zone and another long opportunity from there. We see that happening now. The price hit the support again and it bounce again strongly there for 3% immediately.
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