Ethereum, and using the 140 MA

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETH is the most bullish of the big 3 on coinbase. As you can see from chart we broke out from the tightening pattern we had been forming since all time highs. As with all cryptos it is still correlated to bitcoin and if she breaks down, with her goes virtually all coins. If Bitcoin can break out of its wedge to the upside I believe ETH will gain not only vs USD but also vs BTC .

Another thing I wanted to point out is the 140 moving average. On almost all coins I own/trade it seems the 140 moving average is a key indicator on many time frames. Go ahead and try it for yourself. For BTC , ETH and many others the 140 day moving average has acted like support since the uptrend began over a year ago (Year 2015 for BTC I believe). On the chart posted the 140 MA on the 4hr has even been a key indicator and we currently are in a fight with it, though I believe the daily is much more important and we are well above.


Comment: Ethereum looking great. Been adding all dips
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