Many reasons to take a short on ETHBTC here. Refer to chart.
However, as long as we remain above the 1D 200MA I will be bullish on ETHBTC in the medium term. The 1D 200MA is sitting nicely at the range low (0.786 fib) which is where I would like to enter a long trade if price consolidates in the green box.
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However, as long as we remain above the 1D 200MA I will be bullish on ETHBTC in the medium term. The 1D 200MA is sitting nicely at the range low (0.786 fib) which is where I would like to enter a long trade if price consolidates in the green box.
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
Trade closed: target reached:
Trade closed, green box hit.