Repelsteeltje

ETH last leg before longer consolidation

Long
BITFINEX:ETHBTC   Ethereum / Bitcoin
Info in chart. A short term long can be considered when MACD confirms the start of the last leg. Where exactly point 4 will turn out to be is dictated by Bitcoin, and if Bitcoin is incredibly bullish it could even invalidate this setup entirely, but I think the probability of that is small. The target is around 0.067-0.07, this area should offer some resistance. I expect it to be broken eventually, but to trade that we should make a new analysis and plan.
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