ETH/BTC might test the 50 EMA

From this chart it seems that ETH/BTC on Bitmex might go up to test the 50 EMA.

This might be a highly speculative long, with tight stop below the green line and not for the faint at heart.

Disclaimer:
This is just my view on the market. Don't make this your only source of information for your trading decisions.
Do your own research. If you don't do that I guarantee you you will lose money.

Trade active:

Stop loss moved to break even

Comment:

Now let's see if it is strong enough to reach the 100 EMA.
If it does may take some profit of the table and adjust stop loss.
If it doesn't the 50 EMA will be my S/L most probably.

Trade active:

Trimmed 20%
SL: near 50 EMA