The best buying signal was provided around $2600 level where we bought and are still holding. ETH broke out and retested perfectly. ETH is looking way better than BTC atm. Already broke above the 50 D MA which is a bullish indication. Close above the 21 MA would trigger a rally towards IN 4k.
Invalidation:- A daily close below $2878
Let me know what you think.
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I have the same long waiting on the pull back to the trend line to complete
hma_malik
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what about BTC is that came back tomorrow r today to Test 40K
GodVault
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@hma_malik, the fall was quite expected. The larger time frames are leading, with a low-neutral RSI, and of course the main trends to retest the low. There were some that were expecting 2800 to 2600 ETH to have a healthy pull back to 4000-4500. Still lets hope not to see another artificial push up, because that make the inevitable longer.
InkyGrip
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thanks for sharing, if the BTC is going to find the bottom, we could see this scenario in my opinion. Thanks
Cryptorphic
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@plancton0618, Yes, Thanks for your feedback.
brutusmarkets
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There are certain conditions to be met for this trade to play out accordingly rn the odds are against us but with a good number of more buyers. fomo can kick in and we repeat a Gala pump some months back.