My opinion on ETH movement has switched from building position to mitigate risk. Definitely not betting against this uptrend. The golden cross seen on the chart is very good. Though I consider the possibility of a very sudden rise and fall in price. Due to potential volatility I am siding with risk mitigation only to the extent of not building position. Not closing any previous positions.
Pros:
Golden Cross
Cons:
Over bought RSI
MACD pattern
Last pull back support not clear
Pros:
Golden Cross
Cons:
Over bought RSI
MACD pattern
Last pull back support not clear
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.