ETHBTC is consolidating in a descending triangle, which is a bearish pattern.
I expect a drop in the next couple of days. By a breakdown out of the triangle the target is the zone between the 50% Fibonacci and the 200D EMA.
This would be a drop of around 8 - 12%.
I expect a drop in the next couple of days. By a breakdown out of the triangle the target is the zone between the 50% Fibonacci and the 200D EMA.
This would be a drop of around 8 - 12%.
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.
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.