Rising wedge clearly formed on ETHGBP pairing, breakdown out of the wedge with a target of 100-95GBP will take it nicely to the 0.236 FIB which is also support from December plus R turned S back from late 2018.
RSI also showing Double Top although middle of the road, not yet overbought
The state of the oil industry cannot be excluded as an external factor that...
ETHGBP before rising 24%. The analysis shows that the exchange rate is rising from an accumulation wave sequence. You can also see that you started copying the previous fractal in the figure at a 1: 1 size. If this copying continues, the rise of the second fractal may be accelerated. Therefore, current levels may be suitable for long-term entry.
This rally looks to be unstoppable. The extended fifth has developed a further nested wave one, which is currently retracing. The last peak resulted in a further top-side break of the acceleration channel and there has been no motive-wave re-test of the under-side of the acceleration channel yet. This pair is currently making a parabolic advance. Very long indeed!