ETHUSD can try the patience of a saint. If you talk to a hard core 
ETH fan, depression is notable.
Right now, ETHUSD is sitting near a big moving average and Fib retracement level near $190. If you follow technical theory, you should not buy below resistance. So, we have to remember to remain patient. A move through $190 would be constructive.
We think it is time to consider buying a small dip or just having a small long position in caseETH takes off. Events in the Middle East and Hong Kong may drive people towards alternative assets. Said differently, if you gave us the choice of owning ETH or 
QQQ, we would pick $ETH.
Bottom Line: It's easy to not like $ETH. That's exactly why we are going to like it for a bit and see what happens. Why not?
ETH fan, depression is notable. Right now, ETHUSD is sitting near a big moving average and Fib retracement level near $190. If you follow technical theory, you should not buy below resistance. So, we have to remember to remain patient. A move through $190 would be constructive.
We think it is time to consider buying a small dip or just having a small long position in case
ETH takes off. Events in the Middle East and Hong Kong may drive people towards alternative assets. Said differently, if you gave us the choice of owning ETH or QQQ, we would pick $ETH.Bottom Line: It's easy to not like $ETH. That's exactly why we are going to like it for a bit and see what happens. Why not?
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.