ETHBTC - Going back to the ETHER
I love ETHBTC. It's not as exciting as BTCUSD, but that's what makes it a good chart for a noob like me.
We're nearing the completion of a 2 month head and shoulders pattern. The neckline at 78 is solid resistance.
Falling volume can be like a spring gathering strength, we've seen volume slide significantly on ETH over this span, a move will be made shortly.
RSI has been trending underbought for some time on the 4h chart. Indicating the move will be up.
I believe it stands a good chance of bouncing further, after a slight decline, depending on where BTC breaks it's run. My money is at 75-78.
I could easily see ETH getting back to the lofty heights of .1 it enjoyed not so long ago.
We're nearing the completion of a 2 month head and shoulders pattern. The neckline at 78 is solid resistance.
Falling volume can be like a spring gathering strength, we've seen volume slide significantly on ETH over this span, a move will be made shortly.
RSI has been trending underbought for some time on the 4h chart. Indicating the move will be up.
I believe it stands a good chance of bouncing further, after a slight decline, depending on where BTC breaks it's run. My money is at 75-78.
I could easily see ETH getting back to the lofty heights of .1 it enjoyed not so long ago.
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