ETH/BTC (1W): Descending Triangle, Possibly Bullish Breakout?
Looks like a typically-bearish descending triangle is playing out a bit differently this time.
ETH/BTC is beginning to breakout to the upside. If we get a confirmation here, that will be incredibly bullish for ETH/USD. All of that happening in the week leading up to the launch of Ethereum’s long-awaited London hard fork.
(Not to mention, check out how beautifully this aligns with the Fibonacci retracement levels drawn based on the 2017/2018 market.)
Let me know what you think down below :)
ETH/BTC is beginning to breakout to the upside. If we get a confirmation here, that will be incredibly bullish for ETH/USD. All of that happening in the week leading up to the launch of Ethereum’s long-awaited London hard fork.
(Not to mention, check out how beautifully this aligns with the Fibonacci retracement levels drawn based on the 2017/2018 market.)
Let me know what you think down below :)