Bitcoin has been flat lining in the past few weeks, while several altcoins have been pushing out growth followed by correction waves. It seems that even though large caps are lagging behind their smaller counterparts, they are still worth following as these might make a move soon enough.

ETH/BTC (Binance)

We have very mixed feeling when we take a look at Ethereum. After leaving a multi-month falling wedge that resulted in a huge correction, the chart seemingly built up an Adam & Eve bottom pattern with overall rising volumes on the first sharper bottom attempt. The follow-up is a symmetric triangle that can go both ways on paper. Additional what we see is a bullish cross on the MACD indicator, but with an RSI indicator that is going way too sharp to the upside.

Overall we are bullish on the chart, but we expect a short-term correction that will re-visit the bottom of the triangle first and a break to the upside later that has a potential 13%+ profit on spot markets and potentially more through margin.

In case the triangle breaks down expect a re-visit of the previous bottom.

BCH/BTC (Bittrex)

There are heavy problems around Bitcoin Cash moving on towards the November 15 Hard Fork as detailed here, so proceed with caution when trading this markets.

BCH has formed a double bottom and gained higher volumes during the break-out from the second, but a correction was inevitable resulting from the sharp rise. Fundamentals might play tricks with the charts here in the coming 2 days as outcomes of the drama are not quite clear, but technically the holding or break of the current support zone can show as a heavy upside or a downside.

The falling wedge might be of some help as it ends right at the support zone, but in case you are looking for an entry, wait till the price clearly passed either direction before making a move.

XMR/BTC (Binance)

XMR’s price pattern has formed a double bottom before resulting in a descending channel, while steadily gaining volume again. A short-term rising trendline followed within a channel, which can be deciding right. If the price goes below the short-term trend we can expect a re-visit of the channel’s bottom side, while in case of a break upwards we can expect a complete breakout from the channel and a potential large upside towards a long term declining trendline.