Entered Long ETHBTC

Entered an exploratory long inside the recent consolidation of the Ethereum/Bitcoin cross. This trade expresses my thesis that Ethereum is becoming the dominant coin in the cryptocurrency space and should continue the recent trend of appreciating against Bitcoin. ETHBTC has recently been caught between two major Retracement levels and this mid-consolidation trade is putting risk on that the consolidation will break to the upside. Lower timeframe setup and signal below:

Comment:

Trade active:

First target, top of range, reached