Seems like ETHBTC is currently in a tug of war between buyers and sellers and is forming a pennant
. I don't like how the last 3 candlesticks
look though. Selling pressure is visible but the bulls are buying. Ethereum
is still not in overbought zone so another wave up is still possible.
Buy when Ethereum
breaks out from that thick downtrend yellow line. Put a stop 2% lower from your buying position or the % depends on you.
1st support target:
Area between 0.085 to 0.086670