ETHBTC As tight on the edge as it can get.

The ETHBTC pair has been trading within the 5-month Higher Lows Zone for the past 5 days, tight also within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). All this while it remains bearish below the Lower Highs trend-line that started on the September 07 High.

The 1D RSI is rebounding off its 3-month Support Zone, so technically we should see a rebound. How high that will be depends on the September Lower Highs trend-line. A break above should target on the short-term the 0.076200 Resistance 1 (Dec 02 High). As long as a candle closes above each Resistance level, the next one can be targeted and pull-backs bought on the RSI Support Zone.

A break below the Higher Lows and the 1D MA200 (which hasn't had a 1D candle closing below it since October 22), would be bearish and should target the 0.0660 Support 1 (Nov 09 Low).


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