The ETHBTC pair made a significant move last night, after consolidating for 50+ days at and above a historically significant S/R level.
Price is at February 2020 resistance (~0.028).
If that breaks, expect to see a very big rally in this pair heading into October which is marked by the Gann 50/50 (half the rally taken back, in half the time #vibrationalsignature).
Defi has been a huge narrative this year as "new" layer-2 protocols like Aave, LEND, Kyber etc. run wild.
In this environment, it's just a matter of time until the hyper bullish narrative translates to price action on the Ethereum chart.
A break and close of the .028 BTC level on this chart should really get the party started.
Price is at February 2020 resistance (~0.028).
If that breaks, expect to see a very big rally in this pair heading into October which is marked by the Gann 50/50 (half the rally taken back, in half the time #vibrationalsignature).
Defi has been a huge narrative this year as "new" layer-2 protocols like Aave, LEND, Kyber etc. run wild.
In this environment, it's just a matter of time until the hyper bullish narrative translates to price action on the Ethereum chart.
A break and close of the .028 BTC level on this chart should really get the party started.