Yesterday $ETH went and closed below the 200D EMA, normally this is a very bearish sign for at least the short- to middle term.
But following yesterdays bounce $ETH is now trading above the 200D EMA again, which could lead to (when close above) a bullish deviation.
This would probably mean that a lot of late shorters below the 200D EMA will be trapped and squeezed out of their shorts the coming week(s).
But following yesterdays bounce $ETH is now trading above the 200D EMA again, which could lead to (when close above) a bullish deviation.
This would probably mean that a lot of late shorters below the 200D EMA will be trapped and squeezed out of their shorts the coming week(s).