ETH giving BTC the Hammer, Literally

ETHBTC has thrown a very bullish signal from trendline support today in the form of a large bullish hammer. I like this setup for a number of reason 1)the hammer that formed was large in size 2) price bullishly reversed from a key support level 3) there was almost no upper wick on the candle. I think the chances are very high that ETHBTC rallies into the resistance area marked on my chart.
Bitcoin (Cryptocurrency)BTCCandlestick AnalysisCandlestick analysiscryptoETHEthereum (Cryptocurrency)HammerpriceactionSupport and ResistanceTrend Analysis

Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
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