Bought some at the 200SMA at 1873. It broke the trend line so I don’t expect it to go back to ATH. I’m playing this as a swing trade. Needs to break above 2K to recapture the trendline. It could just retest the trendline and reverse so I’ll keep my stop losses tight. My exit is the 50SMA or if the SP500 tanks.
TheSignalyst
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@BrokenTypewriter thank you for sharing your thoughts and trading plan
BrokenTypewriter
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@TheSignalyst, ETH broke below the 200SMA. However it looks like it hit a double bottom at 1705 this morning. I bought a little more at 1730 (the previous low). It needs to close above the 200SMA on the daily (~1878) or it'll head down lower.