ETHBTC has formed a bullish flag (rectangle) which signifies trend continuation. Aside from that, there’s a bullish wedge still supporting a move to the upside. This analysis shows we would have a Leg2 move like Leg1 and even higher. This is a good trade with a 1:3 risk.
Remember, trading always carries risks, and this is for EDUCATIONAL PURPOSES only.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.