Bit early to tell but daily candles are shaping out like a Adam and Eve double bottom on the XEM/BTC ratio. Confirmation with a daily close above 0.00005 satoshis. Target would be about 0.000072 satoshis.
Two lines of support in this area indicate that we will be having a breather here. Expect some consolidation in this area for the next few days before the next large move.
We will reach long term support on the ETH/BTC ratio in about a month if we don't break above the current resistance. That would be the best place to ride a long.
Weekly chart is showing that it is at the bottom of a base established back in January 2017. Long here and ride it until it breaks out of the triangle.
Dotted red lines show potential for a new channel. Fib retrace dropped below the last level briefly but could still be in play. Blue lines show resistance on daily candles.
