Continued Downward Pressure for ETHXBT
Based on BTC's strength and ETHXBT's corrective pattern, a downward move looks likely to continue.
However a small bounce on the support may force the pair to the 0.0245 resistance. Rejection here may paint a head and shoulders, and a break of the supportive neckline could cause a cascade towards the eventual target of 0.0135, completing the correction.
Happy trading.
However a small bounce on the support may force the pair to the 0.0245 resistance. Rejection here may paint a head and shoulders, and a break of the supportive neckline could cause a cascade towards the eventual target of 0.0135, completing the correction.
Happy trading.
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