ETHBTC Chart Triple Bottom

The ETHBTC chart still hovers near all time lows and the current formation of a triple bottom signals a sizable move up against BTC prices. As long as 0.28 BTC holds I think we will see a target price of 0.032 BTC per ETH. Following a formation of a triple bottom, I expect something like the green arrow path to form, stagnating at previous supports which occur at major fib levels. This is just a quick analysis of where I think ETHBTC prices are heading as BTC gains start to slow down for a time. A strong break below 0.28 BTC per ETH would invalidate this and suggest a move back down towards all time lows around 0.0255 BTC per ETH before moving back up.