thetradinghall
Long

ETHBTC is not far from rising

BITFINEX:ETHBTC   Ethereum / Bitcoin
The ETHBTC cross is viewed as bullish since its December low. We have seen nice and clean impulsive rises followed by corrective pull back. The fall since 0.0396 is clearly corrective and will be followed by anew leg up, labelled 3 red. For this bullish outlook to be valid, we don't want to see trading below 0.029 low. Any break of this level will postpone our short term bullish outlook. Trading above 0.036 is a first encouraging sign a new leg up is underway.
Technical is in BUY mode, but momentum stays weak, which brings some clouds.
We are waiting for ETH to catch up very soon with BTC.

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