ETHBTC nearing long-term trendline

ETH looks interesting on the weekly. Since BTC keeps on going the lower trendline is close. An double top pattern in Bitcoin price followed by a consolidation could trigger a fund movement from BTC to Alts.

Komentarz:

The trendline looks correctly placed. It also acts as a support as expected.

But I don't like the shape. I expected a longer candle that would confirm the support. At the moment it doesn't provide any useful information.

2 more days to close this candle. Maybe we get some signal during the weekend.