ETHUSD has found some good support on the 50 MA of the 8 hour chart and will make a double bottom before attempting a reversal. This is about as good as I have seen on the big coins right now and I'm still holding. Indicators are showing close to a rebound... just need that double tag to land.
Note
People ask me why I prefer ETH right now over BTC and BCH. (for the big three that is). My answer is that BTC is nearing the last part of its rally and although it can be profitable here we can`t say for certain how much further it will rally. BCH has just completed its rally and is trading in the tricky area right behind the wave crest which is full of bull traps and then there is ETH which has been consolidating for 5 months off of its massive run up to 400 and has now begun a new rally phase. To me the choice is quite clear and if we take today as an indicator... my charts say BTC is up 1.3% while BCH is down .19% and ETH is up 3.8 %
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.
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.