ETHBTC is forming a very bearish pattern.
A 0.786-0.886 retracement is likely if the red trendline is broken.
After a pullback, such a bearish movement could trigger another bearish pattern, 5-0.
Merely a theoretical possibility, but this is one of what the holders should be prepared for.
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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.