ETH > BTC

22 de mar. de 2022

I think that ETH/BTC could be playing this upward channel. Price now being at the bottom of this channel (close to lower edge), plus the white downtrendline has been broken. I see possible backtest of the white downtrendline and then move up. So for me buying ETH for BTC makes sense and also alts should be good to go. Target would be top of the channel (upper edge) which is dynamic resistance. But price needs to get above the blue Support/Resistance zone 0.072-0.074 first. All as shown by the yellow price projection. Invalidation would be breaking down the channel lower edge.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.