ETHBTC long setup

6 thg 12, 2020

Ethereum looks poised for a dominance run in comparison to Bitcoin. Fundamentally, DEFI markets have been heating up over the last week which is usually correlated positively to demand for Ethereum. the 20 & 50 ema's have been a relatively good indicator for when to enter and exit positions. So far, there has been a bullish EMA cross on the daily. Higher time frames tend to be more accurate, so as long as we don't continuously flip between long and short signals on these ema's, I will remain bullish. Additionaly, price has been consolidating within a symmetrical triangle. The confluence between these indicators lead me to believe that we are in for bullish momentum within this pair.