We have made no bones about it. We like ETHUSD.
In many ways, the crash brought ETH to critical horizontal support between 155- 170. The overbought condition has been relieved, and ETHUSD is ready to smoke higher.
We also like the fact that ETH is breaking back above the green trend line. That is the primary downtrend line in ETH drawn off the 2017 high.
Bottom Line: If ETH takes out the 200-day moving average at 185, a tremendous advance will follow. Bears can prove us wrong if they want to try, but our conviction is high. As the old Wall Street saying goes, bears can "come get me."
In many ways, the crash brought ETH to critical horizontal support between 155- 170. The overbought condition has been relieved, and ETHUSD is ready to smoke higher.
We also like the fact that ETH is breaking back above the green trend line. That is the primary downtrend line in ETH drawn off the 2017 high.
Bottom Line: If ETH takes out the 200-day moving average at 185, a tremendous advance will follow. Bears can prove us wrong if they want to try, but our conviction is high. As the old Wall Street saying goes, bears can "come get me."