EthereumLong
ETH long after EMA 30/50 crossover
Updated
Looking back at previous price action it's a less risky trade to go long ETH/USD once the EMA 30 is over the 50 on the daily chart. In this case, we are approaching that cross after a breakout from a few months of bearish price action. Once the cross happens I'm looking to go long on either:
There are two targets I've identified purely from prior resistance. Taken partial profits at TP1, then the rest at TP2. Good luck.
- Lower high / lower lows
- Strong bullish candle after EMA touch (stop loss below EMA 50)
There are two targets I've identified purely from prior resistance. Taken partial profits at TP1, then the rest at TP2. Good luck.
Trade active
In the trade, protective stop loss at 585, looking to get to TP2 or higher
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