ETH BTC, PARABOLIC MOVE setting up Long
Ethereum / BitcoinBinance
Description
⋅ ETHUSD
Has broken out of an ascending triangle/bullish pennant, and is currently retesting the formation to establish support.
ETHBTC is looking more interesting,
I published a video about the incoming possibility of a BTC pullback and ETH hedge.
Upon ETHBTC, symmetrical triangle breakout our targets are:
T1 0.049
T2 0.064
T3 0.078
T4 0.088
The trade becomes invalid, if ETHBTC breaks the symmetrical triangle to the downside.
For the full video analysis:
Moonbound, Godspeed.