ETH/BTC is forming a descending triangle, with a strong support at 0.02x zone, and soon the price can break it and maybe going up, why? Because now BTC is going up and up (for some days) but soon BTC/USD can be SOOO overbought, and a lot of traders may sell it for USD (for taking profits) or Alts (because now they're so cheap), and ETH is our first choice.
Bitcoin is practically out of a downtrend channel formed since january '18. Now Bitcoin can turns so bullish if it brokes $6k resistance (but it may still continue bearish if it can't pass $6k resistance, so take care)
My trading plan:
I think we're going bullish, so I'm going Long right now with 3x leverage, with Stop Loss at $5,200
1st target: $6,500
I see that BNB/USDT looks so overbought (MACD and Stoch RSI confirm it). It's nice how the supports and resistances respect Fibonacci's retracements.
I think we'll see a correction between $17 and $14 (and maybe untill $11), and then I think it will going up, because Binance is getting better and bigger.
My trading setup: