If we flip 49$ on daily with volume. I think we go to 68$ (multi-year resistance trandline).
Hopefully, BTC remains rangebound to allow LTC to make a move. Which I think it would
A good Risk :Reward trade with tight stop loss IMO. Not financial advice.
We are breaking out of the low time frame channel (red), which earlier I described to be a bearish retest of the mid term long channel (yellow) and was expecting to go lower with a bearish target of 180$. However ETH looks strong and possibly is breaking out inside the mid time frame channel. I remain in cash for now, but if it reclaims $218 I would be long and...
Think this is a clear retest of the channel ETH broke earlier. Think we consolidate here between 180-200$ unless it wants to enter back the channel in which case I would go in cash and wait for it to break 218$ on daily.
This is a post to keep our Greed in check.
IN my previous ETHUSD post I expected a small wave up to $235 before the drop. However I have closed my long positions that I entered at various levels when ETH crashed below 100$.
Not a financial advice but it looks too risky to hold ETHUSD or ETHBTC specially with leveraged positions at this point.
Both ETH pairs...
In my opinion a portfolio with both of them longed will profit in the long run.
So its always a win-win when trading this pair. This is how I think XTZ behaves while its XTZUSD pair goes to make all time high soon.