ETHBTC Daily created a solid support after the retracement from the mar 12th sell off. Last week it broke out from a 'W' structure pattern and has consolidated forming a bullish flag.A breakout from this flag also breaks out from some higher resistance levels going for the 100 % target at 0.025573.This should confirm the next Alt coin rally
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ETHBTC. Just to update this pattern, if you look back it is from a previous fractal of a larger 'W' structure and bull flag broken and then it went to even break a bullish falling wedge.This time around the fractal has played out the 'W' structure and is now forming the bullish flag which could retrace max to 50 % as indicated from the previous fractal. If this fractal plays out and break out from this flag then the last pattern to overcome is a very large bullish wedge going back to the last bull run.When it happens i will have a clearer picture with the targets displayed as it would be a start of the next Alts bull run.
ETHBTC Daily. We had a breakout of the bullish flag but the daily candle is yet to close. So by the end of trading day if this breakout is established i have plotted the new targets. Initial target is at 0.025662.If we were to play out the previous fractal then the final target will be reached at the 3.618 % fib at 0.032647 and this will confirm the entry of the next bull run in the Alt coins from the previous bull run as it will break a very huge triangle going back to 2017. tradingview.com/x/8rjou5lG/. Happy Trading.Cheers :)