ETH is a Decent Play Right now
The 1D MACD is still under the zero-line, but it's rising. The 4H MACD is above water/positive (above the zero-line) and seems to be staying there, allowing the 1D to rebound. I'm using the base of the ichimoku cloud to be my stoploss, while the 200-period moving average is my target. I'll sell it down from there, and then wait to see if it's able to breakout from there to go long again. Decent risk/reward ratio so this will be a fun play. Enjoy!
Note
I love saying I told you so, haha. Hopefully ya saw my post folks. Like I said, I took profit near $230 and I'm looking to buy back at a discount here to go long.
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Disclaimer
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.