If you recall my last ETH/BTC post, it recommended going long at .03 for a longer term hold. the trade is in profit right now, but we still have a ways to go. there are a lot of different ways this could play out. With Constantinople coming out I anticipate we will get a massive move here at the first of January. We'll be targetting this .06 level and possibly the .07.
On the weekly chart MACD is starting to climb, RSI is bouncing off it's low indicating a move further to the upside is in the cards.
Happy Trading/hodling,
-Sherem
On the weekly chart MACD is starting to climb, RSI is bouncing off it's low indicating a move further to the upside is in the cards.
Happy Trading/hodling,
-Sherem
Comment:
Previous analysis:
Comment:
The main resistance was broken, nothing until .055