Ethereum / TetherUSUpdated ETH still consolidating
Because Ether has not broken above 350 with a retest and resumption on the 8hr, I am still neutral.
Initially I thought it would have a flash crash down to the long term trend line, but now it looks like it's just heading sideways until it hits it, and then should resume upward.
It is still below the 20 MA so no buy signal yet.
Whatever road it takes to get there, I don't think it will really break out until it hits that trendline.
Initially I thought it would have a flash crash down to the long term trend line, but now it looks like it's just heading sideways until it hits it, and then should resume upward.
It is still below the 20 MA so no buy signal yet.
Whatever road it takes to get there, I don't think it will really break out until it hits that trendline.
Note
Idea invalidated. Have now gone long AF since it's broken above 350 and retraced and resumed off 360.
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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.