Ethereum / Bitcoin
Long

ETHBTC journey in the descending channel

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Hello! Today we will consider an unusual pair - the ETHBTC cross. In the previous idea, this topic was raised, so let's look at the graph in more detail. Globally, on a timeframe of 1 week, the situation for the ether is not very rosy, since there is currently a trend for short. But on the daily chart, ETHBTC goes in a descending channel and draws a divergence at the lower border of the channel, so you should count on a rebound and go at least to the upper border at 0.07.

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