ETH/BTC - Waiting on action
Updated
Overall we have no indication of an entry yet on ETH in this pair. The asymmetric triangle was broken, and is currently floating on a "artificial support" that is marked with the small orange line. However with this break of the last trend we expected ETH to plummet to previous support, and it did not happen. We suggest that watching at this current level is crucial, if ETH can hold this level overall it would be a strong reversal. Previous support will become resistance, and as you can see the BB's are still constricting and price action has been respecting these very well. Volume has indicated that we are still priming up and have more time before any action happens. The cloud has no entry signals for us as well and has yet to flip green, we will wait till we get closer to entry on the cloud to enter a position on ETH.
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