I hate to say it lads but as of now we are still in a downtrend.
Currently, I am holding back my shorts until we break below the 200 MA.
IF we break below this 200 then the appropriate boxes are where i will ladder longs and spot buys.
I want to be in a bull market just as much as you all but dont let the bools steal ur corn..
For now I want to stay boolish on ETH but the downtrend bias scares me still.
Until we breakout of this downward channel, stay safe.
Lets see how this plays out.
Currently, I am holding back my shorts until we break below the 200 MA.
IF we break below this 200 then the appropriate boxes are where i will ladder longs and spot buys.
I want to be in a bull market just as much as you all but dont let the bools steal ur corn..
For now I want to stay boolish on ETH but the downtrend bias scares me still.
Until we breakout of this downward channel, stay safe.
Lets see how this plays out.
Note
hopefully 200 acts as support and we chop between the downtrend resistance and then break upwards above it.Note
Note
Golden Cross approaching, Im bullish.. once we break this downtrend channel, sparks will fly, load up on low leverage longs and thank me later $8300-$9064...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.