ridethepig

ridethepig | ETH Market Commentary 2020.09.16

Long
ridethepig Updated   
COINBASE:ETHUSD   Ethereum
Plenty of exciting opps in the Crypto markets as we dip back into oversold areas drawing an interesting amount of clients to start building full sized positions which likely reflects the underlying view that Cryptos are here for the long haul.

📌 I am looking for this completion leg in BTC to a minimum of $12,000 which will clearly help moving ETH as collateral.


Flow wise, with a small offset from the European session yesterday so far there has been a lot of activity and interest to buy the dips in ETHUSD - sticking with longs here, taking 372.5x remains the key to pandoras box above at 430. While below the 340 should turn soft support.

Thanks as usual for keeping the feedback coming 👍 or 👎
Comment:
'While below the 340 should turn soft support.' ✅

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