ETHUSD: Volatile with Upward Momentum. Caution Advised.
Maintaining a neutral position on ETHUSD. Watching the Fisher Transform for the lower bound cross. If our ADX picks up from there, we'll see a potential bull run. RSI on the 15-min looks like we might see it begin upwards in its midrange decline and toggle. Or go down with the market of course.
Longish on the short-term.
Targeting $289-$290
Stop Loss: $280.
If we break below $280, we'll probably see less volatility until the European markets get to mid-day. Currently, lunchtime in Asian markets. Anticipating major bull or bear runs in the 1-2% range over next 6 hours.
Caution advised, with bullish intent.
Longish on the short-term.
Targeting $289-$290
Stop Loss: $280.
If we break below $280, we'll probably see less volatility until the European markets get to mid-day. Currently, lunchtime in Asian markets. Anticipating major bull or bear runs in the 1-2% range over next 6 hours.
Caution advised, with bullish intent.
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