Potential breakout on ETHBTC pair in progress. I favor the blue scenario but in case it fails red scenario can be followed for the dips. Target should be previous highs.
We also have another structure on higher time frame which is depicted below. Hidden bullish divergence on both daily and the weekly chart looks positive for the moment.
Enjoy!
We also have another structure on higher time frame which is depicted below. Hidden bullish divergence on both daily and the weekly chart looks positive for the moment.
Enjoy!
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critical area incoming
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next target should be around 0.12 sats
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ok that was a good fake breakout, and inside the pattern once again, old trendlines still working top notch.
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Its good to keep in mind that when fake breakouts to the upside occur, the down breakout is more likely (not 100% ofc) and its more aggressive. So I would be very cautious trading ETH right now vs BTC