What we need to see from ETH
I would like to see Ethereum complete the double bottom against its Bitcoin pair. The green support zone has held about four times already and looks strong. It coincides with the .382 FIB level from back when price broke both MA's
I feel less confident about the rejection at the 21 MA and the fact that the 21 MA has dipped below the 100 MA.
Nonetheless this feels like a good place for a long position.
I feel less confident about the rejection at the 21 MA and the fact that the 21 MA has dipped below the 100 MA.
Nonetheless this feels like a good place for a long position.
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