$ETHUSDT: Trend signal and possible bottom in $ETHBTC
I think this is a low risk juncture to long Ethereum if you're not in it already...
ETHBTC
has a buy signal from yearly scale support area...
Let's see if it gets follow through within 5 days, it should march steadily higher in that time, the hold up and base for longer, then breakout again, rinse repeat (if trending).
If it's not a reversal it might just hit the upper Bollinger Band with some kind of rapid surge of strength, and drop again, or just fail to rally altogether and go back under 0.05223 ASAP.
Best of luck!
Cheers,
Ivan Labrie.
ETHBTC
has a buy signal from yearly scale support area... Let's see if it gets follow through within 5 days, it should march steadily higher in that time, the hold up and base for longer, then breakout again, rinse repeat (if trending).
If it's not a reversal it might just hit the upper Bollinger Band with some kind of rapid surge of strength, and drop again, or just fail to rally altogether and go back under 0.05223 ASAP.
Best of luck!
Cheers,
Ivan Labrie.
Could expect target #2 to be reached next, or a new mode and signal forming as this bases sideways next...
So far, so good.
Good follow through right away is a good start. :D