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ETHBTC – Potential Scenario

ETHBTC - Potential Scenario

ETHBTC - Potential Scenario

ETHBTC – Potential Scenario

Ethereum / Bitcoin BITFINEX:ETHBTC
AltugOzturk


ETHBTC - Potential Scenario

Currently on a sideway trend support which started since May 2021.

I see two likely scenarios;

1- Going further down to the green support line which is almost a 3 year support. There seems to be a good crossing point of three different supports which I tagged with a price label. It could touch there one last time before starting its new run.

2- Bounce up from the current sideway trend support till the resistance of the trend and potentially break out as a C&H pattern.

Indicators are still bearish ; Stoch RSI almost oversold, Lark Laguerre RSI looking down, Macd crossed down.

So therefore I suspect the Scenario NO.1 as more likely until indicators show a sign of upside potential.

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