Mavski
Would have liked to have seen 8100 or 9100, a higher fib retrace, and higher RSI. The MA10 has been passed twice now, and MA20 not looking good either. Downtrend line is resisting. 50% fib retrace was filled. There is enough showing here to have some short bias now. Technically and fundamentally. Maybe a quick pop just above 7000 shakeout this week but...
Wow, I can only imagine how high this is going to go up. Pandemic, supply chain issues, food shortages, economic, etc. Great hedge on fiat devaluation.
It just wont stop going up. I tried to find a reason to sell, but cant find any. Maybe it will stop at 7.08 , but it looks like it might go parabolic up. again.
Looks all positive. Only concern could be TOTAL Crypto drop in USD. In that case, would need to hedge short ETH / USD. But really if Binance rises, seems like it would pull up all crypto. Also, could be safe to buy a partial position and then add on either a retest, or a further breakout. Depend on size of position, risk tolerance, etc.
What a run. Does not look to be stopping. Will be curious to see what it takes to ever stop this train? Check out all those historical earnings and compare to chart. Good times.
Will these market caps ever stop going up? USDT, USDC, PAX, BUSD, TUSD, DAI . Maybe XUSD crypto coming