Well it is possible based on the two patterns this chart shows. The similarities are uncanny with the Fibonacci levels holding and the 1D MA50 (blue line) dictating the price action.
Based on that (barring one last minor pull back), ETHBTC should see a sharp rise in the coming months once the 0.382 Fib level and 1D MA200 (orange line) break. I am expecting 0.04200, which would fill the January Gap and that is even a moderate target based on the 2016/ 2017 fractal.
Based on that (barring one last minor pull back), ETHBTC should see a sharp rise in the coming months once the 0.382 Fib level and 1D MA200 (orange line) break. I am expecting 0.04200, which would fill the January Gap and that is even a moderate target based on the 2016/ 2017 fractal.
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