ETH/BTC - Weekly Outlook
Here are the main things you need to watch in relation to the ETH/BTC pair.
Weekly symmetrical triangle (white trendlines).
Important level of support (yellow line) also 0.236 of current FIB trend.
Weekly RSI Bullish Divergence (same/lower low in pair vs higher highs in terms of strength).
If we break above our resistance level of our triangle then our expected target would be the 0.618 around the psychological 0.1 level. This would represent 1 ETH = 0.1 BTC and would also be a 2x from the current levels.
Weekly symmetrical triangle (white trendlines).
Important level of support (yellow line) also 0.236 of current FIB trend.
Weekly RSI Bullish Divergence (same/lower low in pair vs higher highs in terms of strength).
If we break above our resistance level of our triangle then our expected target would be the 0.618 around the psychological 0.1 level. This would represent 1 ETH = 0.1 BTC and would also be a 2x from the current levels.
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