#ETHUSD EMA Strategy update
Updated
Hello everyone, It took me a bit of time to observe the chart closely. Before you start readung t he update please add subbs for latest updates. It helps me to make more charts.
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Coming back to the chart.
The important support levels to watch are plotted in yellow lines: $147.10, $125.80 and $106.60.
Resistance currently is the red line which is actng as a local resistance so far.
Good thing is we're trading above EMA85 and also 200D MA. We're currently getting rejected from the 50D MA which coincides with the local resistance.
If you're holding long the SL will be around $154.60 .
I am watching ETH closely and most of my updates cover ETH because it is always ahead of BTC and shows what could possibly happen with both alts and BTC.
I'll share more details in the next chart.
For now let's see if it breaks the resistance in this week. If not, you know where to long from the lower support zones.
#Peace
And if my ideas are helpful in any ways please hit that LIKE button.
Coming back to the chart.
The important support levels to watch are plotted in yellow lines: $147.10, $125.80 and $106.60.
Resistance currently is the red line which is actng as a local resistance so far.
Good thing is we're trading above EMA85 and also 200D MA. We're currently getting rejected from the 50D MA which coincides with the local resistance.
If you're holding long the SL will be around $154.60 .
I am watching ETH closely and most of my updates cover ETH because it is always ahead of BTC and shows what could possibly happen with both alts and BTC.
I'll share more details in the next chart.
For now let's see if it breaks the resistance in this week. If not, you know where to long from the lower support zones.
#Peace
Comment
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