Below is a zoom in on 1. You can see I programmed the CM_Ultimate to display the on the daily and that creates a stepped moving average. You can also see the dynamic I spoke of, an initial break though the 20MA, slipping below and then above again, finally finding support before take off. This is common for many tests of moving averages or horizontal levels.
two has the same dynamic with the added benefit of enough history on ETHUSD that the 50w is now displayed.
3 is in the process of completing the second break through, after which support will need to be found on the 20w before proceeding to the 50w, which should be our first major resistance. Price action may chop sideways or decline back to the 20w.
A quick comparison shows that ETHUSD is technically positions better than BTCSD when it comes to this moving average
And better that XRPUSD
And somewhat behind EOSUSD
My plan is simple: continue to watch ETHUSD to find support on the 20W and then when it begins to take off get an entry and use the 20w as my stoploss. I'll either hold this position or look for something else that will be moving faster than ETHUSD . Not financial advice as I have no damn qualifications.