The ETH/BTC pair has been consolidating in a falling wedge through the month of Feburary and is well-positioned to break out to the upside.
The price is nearing the VPI point of control and 0.5 Fibonacci retracement level, so we can expect some volatility if a break out does occur.
Furthermore, the Stochastic oscillator is oversold (now trending up) and there is a bullish MACD divergence (as shown in yellow).
If ETH/BTC returns to its early Feburary high, this trade will yield a nice return with relatively low entry risk.
Good luck!
The price is nearing the VPI point of control and 0.5 Fibonacci retracement level, so we can expect some volatility if a break out does occur.
Furthermore, the Stochastic oscillator is oversold (now trending up) and there is a bullish MACD divergence (as shown in yellow).
If ETH/BTC returns to its early Feburary high, this trade will yield a nice return with relatively low entry risk.
Good luck!
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.