Buy zone defined at 0.06700btc, analysis contains following 3 points that come together:
1. Retracement from head & shoulders, distance head-to-neckline = distance neckline to expected bottom
2. Support from trendline over lows
3. Fibonacci retracement of 78.6%
Looking at the trendlines of ETH the following scenario could be possible:
- further retracement of ETH until touching the bottom trendline to a value somewhere around 0.030-0.035 BTC
- bounce and trend reversal of ETH presumably driven by trend reversal of BTC in parallel having reached a new high
hard to say when this could happen exactly, but possibly in May or...
