When looking at some of the smaller altcoins, we can look at the /btc and the /eth chart to supplement our technical analysis.
When we see bullishness on the /btc or the /eth chart and the /usd chart, we know that the breakout is much more likely and have more confirmations on our analysis.
Looking at the etc/eth pair, we see that the price is forming a falling wedge. Each time a falling wedge formed in the past, the price made immense surges. Why would this time be any different? By taking the length of the opening of the wedge and adding it to the bottom of the wedge, we get a first target of 0.06 ETH. That almost doubles our money... in terms of ETH. If you expect ETH to continue rising, this trade could more than double our money!
When we see bullishness on the /btc or the /eth chart and the /usd chart, we know that the breakout is much more likely and have more confirmations on our analysis.
Looking at the etc/eth pair, we see that the price is forming a falling wedge. Each time a falling wedge formed in the past, the price made immense surges. Why would this time be any different? By taking the length of the opening of the wedge and adding it to the bottom of the wedge, we get a first target of 0.06 ETH. That almost doubles our money... in terms of ETH. If you expect ETH to continue rising, this trade could more than double our money!
