Is ETHBTC Pair Turning Bullish?

5 ก.ค.

ETHBTC pair can be turning bullish, as we see strong rebound after a completed corrective decline by Elliott wave theory.

We talked about ETHBTC pair back on May 14th, where we mentioned and highlighted the completion of an (A)-(B)-(C) corrective setback with the wedge pattern within wave 5 of (C).

As you can see today on July 05, ETHBTC pair bounced from projected 0.045 support area, which can be signal that it’s turning back to bullish mode, especially if breaks back above 0.061 region.

Regarding dominance in the Crypto market, ETHBTC chart can be one of the reasons that ALTcoin dominance may kick in soon, so new ALTseason could be around the corner.