ETH resistance at 50-period EMA (4H)

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
We are getting some resistance here at the yellow EMA (50-period on the 4H). I would look to get over this hurdle first before entering. It would be an interesting trade to enter at the breakout past the yellow 50-period EMA and sell at the red 200-period EMA . Then after that trade, you could wait to see if it's able to make it beyond the red 200-period EMA . If so, maybe go long. If not, short or wait for it to return to the 50-period yellow EMA or lower. This is a fun one guys, much more fun to trade than stocks! It's so continuous and is very suitable for trading with technicals. Good luck my fellow traders.


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