Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Adriana Lowe on March 27, 2019, 07:08:02 AM
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(https://imgur.com/bu9eI13) (credit: Chart from Sigma by Hydra X)
The ETH/BTC pair been consolidating in a long-term triangle since its highs from early Feb 2018, and is approaching a technical inflection point. The pair seems to be testing its long-term descending trend line, and may find some price support in the form of its 200-day SMA. A break above the trend line could see ETH gaining ground on its BTC cousin. However, given the tepid nature of price action, lacklustre volumes and a lack of momentum as reflected by stochastic levels, traders should manage expectations of any breakout being explosive.