Ethereum / BitcoinUpdated ETHBTC waiting on new weekly candle to make its next move
Hello everyone :) In my opinion the price action in the blue oval is consolidation and it broke out of that this week and quickly found the next battleground so to speak. I suspect it will be a short battle due to how big the consolidation was in the blue oval. Combining this with a new weekly candle its a high probability for me that ETHBTC will move up further soon.
Note
It broke down for some reason but its on a new support now. 
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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.