ETHBTC
is one of my favorite charts. I made the prediction during 2021 that we would go from 0.030 BTC to 0.085 and we did (See related idea below). Now, we are at 0.066 BTC and nearing a significant support line. The line is not very well-defined, so I expect price to hover around it for a while. What I would like to see is dipping below the line while getting a higher low in RSI. Once price reverses from that low, then a trade is set up with the stop loss below the swing low and the target at 0.074 BTC. From there, I would like to see a retest of the same support line, but with a higher low in price and a higher low in RSI. That would be my confirmation for a move to 0.085 BTC.
So let's keep watching and see if the chart will indeed give us these signals.
