ETHBTC is looking poised to launch off of a triple EMA cross on the daily time frame. In addition, the stochastic RSI shows plenty of room for the price to run (to the upside) based on prior patterns.
If ETHBTC does break to the upside, the 200-day MA and EMA are right above--and these averages rejected the price a month ago at the relative high. The price may now be looking to test these levels before continuing the overall macro-bearish trend.
If ETHBTC does break to the upside, the 200-day MA and EMA are right above--and these averages rejected the price a month ago at the relative high. The price may now be looking to test these levels before continuing the overall macro-bearish trend.
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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.