ETHBTC Moving as Planned
ETH has hit the first four targets on its ascend to .075 which it should reach within the week.
There is a lot of confluence at 0.75 so I will take profits there in the interim and reassess. VPVR on the 12H is thick at .075 also the is the target from the bottom cup and handle as well as the recent ascending triangle. Currently in a falling wedge continuation pattern so on the break of that would be the time to expect a rise to 0.75 fairly quickly. My guess is early next week. There is also a bullish continuation (hidden) divergence on the RSI.
There is a lot of confluence at 0.75 so I will take profits there in the interim and reassess. VPVR on the 12H is thick at .075 also the is the target from the bottom cup and handle as well as the recent ascending triangle. Currently in a falling wedge continuation pattern so on the break of that would be the time to expect a rise to 0.75 fairly quickly. My guess is early next week. There is also a bullish continuation (hidden) divergence on the RSI.
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