Ethereum All Time High Channel

28 thg 1, 2021

It looks like ETH has found a nice upward channel that it will continue to bounce around in, with the resistance bar being the all time high. I think ETH will continue to trade in this channel for another cycle or two, so this could be a great opportunity to quickly short and long and make some 10-20% gains. Wait till ETH hits its new all time high, and once we see a MACD crossover (downward) and downward alligator trend, take the short and set profit for around 10-15%. Then do the same thing when it is on its way back up after it hits support line.

If you're not into trading, I think ETH is a great coin to HODL as well. DCA during the dips and make slow but steady gains.