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bseegs
May 9, 2018 1:40 PM

Crucial point within long-term channel 

Ethereum / BitcoinPoloniex

Description

Crucial point for ETH/BTC to declare whether it's going to rise to the top of its long-term channel or reverse and continue the Winter 2018 downtrend. This is a 1 day view. My suspicion is there will be a breakout to the upside given the recent momentum, bullish EMA cross, and relative strength of BITFINEX:ETHUSD relative to BITFINEX:BTCUSD. But no reason to take a position until a breakout in either direction is confirmed.
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