ETH/BTC - Weekly Outlook (Updated)
Here is a link to our previous chart:https://www.tradingview.com/chart/ETHBTC/JkgJQuRT-ETH-BTC-Weekly-Outlook/
It is amazing to see the accuracy of this chart. We are still in our white symmetrical triangle. This resistance has again caused the ETH/BTC pair to get rejected an additional 3 times leading to a breakdown. Once our support at 0.049 was broken it caused a collapse to test our lower white band of support.
Now that the resistance line has given us even more signals of the significance of that trendline, we can prepare for ETH's strength when that line is broken.
It is amazing to see the accuracy of this chart. We are still in our white symmetrical triangle. This resistance has again caused the ETH/BTC pair to get rejected an additional 3 times leading to a breakdown. Once our support at 0.049 was broken it caused a collapse to test our lower white band of support.
Now that the resistance line has given us even more signals of the significance of that trendline, we can prepare for ETH's strength when that line is broken.
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