BITFINEX:ETHBTC   Ethereum / Bitcoin
ETHBTC is currently on the uptrend line. This area could be a possible reversal zone. BTCUSD is currently facing a huge resitance at 3200 and could pullback a bit. This gives ETHBTC a chance to reverse going up. Just be careful if ever BTCUSD prices go up again. When that happens, sell your ETHBTC.
Comment:
If ETHBTC breaks down from the uptrend line (see yellow dotted line), then it could pullback to 0.5 - 0.618 fib before going back up again and breaking out from the triangle.

Comment:
ETH just barely got out from the top of the triangle but it seems to be moving back in again. It's also going down from the uptrend line. Could make a pullback down to 0.075 and above.

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