Recap: Red 3 on the previous analysis was hit and now we are toying with the old Red 1. There has not been lots of points after the fall to pull on, but Money Man finds those that were set useful. ETH does not look as though it has lots of upside to BTC compared to the downside potential again, but it comes down to percentages and ETH can hold its own in that department.
Conclusion: It is not the best time to trade as the build-up has not been long and this has been allowed for with wide decision boxes. The price action has revealed some levels of interest. Money Man would proceed with caution. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.