There is reasons to believe ETHBTC pair could correct through the .027~.030 area.
I'm not experienced enough to short big amounts on a bull market, so I'll take a small position.
I would consider than analysis invalidated if the current descending triangle breaks upward (.0382 region)
My targets are 0.0348, 0.0305 (take profit), 0.027 - 0.03 (long position)
- RSI divergence on the daily
- Topped on a channel that has been respected by the market
- Descending triangle
I'm not experienced enough to short big amounts on a bull market, so I'll take a small position.
I would consider than analysis invalidated if the current descending triangle breaks upward (.0382 region)
My targets are 0.0348, 0.0305 (take profit), 0.027 - 0.03 (long position)