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theCrypster
Feb 5, 2023 11:39 AM

ETHBTC - After Rejecting the Downside, We've got an Upside! Long

Ethereum / BitcoinKraken

Description

ETH and BTC have quite closely correlated over recent times, with the price somewhat consolidating in this ever-tightening wedge formation. This wedge is coming to a close soon, but there's still time to profit from a few more swings!

We've received a Buy signal from CTv2 shortly after the price tested and was rejected by the lower trend line, this should indicate a move to the upper trend line - total profits of well over 5%, not bad for a few days!

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Comment

Another potential rejection forming?
Comments
Williamforex
Nice setup
theCrypster
@Williamforex, Thanks!
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