Yesterday, I wasn't sure if the lower trendline in ETHUSD would offer support. Today, there is a little more evidence that it does.
- Lower trendline of long term bull flag
- Currently right at 50 dma
- ETHBTC could be bottoming
- Buy ETH here, fairly close stop (10% of position value)
Having sold my bitcoin at $7100, I now have some cash to play this in my coinbase wallet.
- Lower trendline of long term bull flag
- Currently right at 50 dma
- ETHBTC could be bottoming
- Buy ETH here, fairly close stop (10% of position value)
Having sold my bitcoin at $7100, I now have some cash to play this in my coinbase wallet.
tangman
The long term trend looks healthy. It looks like it has built up a lot of energy and may be ready to run again. This could play out over several months.
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