WiThConFi

ETH/BTC 1 hour time frame

BINANCE:ETHBTC   Ethereum / Bitcoin
Ethereum has been outperforming BTC which means its a better bet. Ethereum is currently cooling off before another run to the upside. It is most likely going to see a support break to the bottom 1.618 or a resistance break to the 1.618. Currently it can go either way and not worth trading/scalping in my opinion. It is better to hold this asset and watch it grow at the moment.

Momentum is cooling off and currently if scalping I wouldn't want to be in the trade on the red side of the madrid wave momentum. Most likely we are to see support break unless momentum turns around for the upside. At the moment what we are watching is a consolidation.

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