A heads up for anyone paying attention, ETH/BTC is due a break-out with a symmetrical triangle coming to a critical point. Price is currently sitting on the VPVR point of control:
While symmetrical triangles are considered continuation patterns, the resistance trend-line of this 4hr symmetrical triangle is additionally strong long-term resistance, not to be underestimated, as this trend-line has been well-respected for 18 months with multiple touch-points:
Breaking to the upside could signal a bearish to bullish trend-change, if the 0.786 fib retracement level is additionally breached, while a break downwards would confirm the long-term resistance trend of lower lows and close to confirming a descending triangle pattern that would target new lows if price breaks below 0.02 BTC.
