ETH on the daily has been pushed back so many times by the 200MA. Will price conquer it this time? I guess we’ll just have to wait and see.
Today is Friday, July 4th, so probably a long weekend for most traders. Somehow, price got pushed back again. Just a hunch, but I believe long traders are touching grass this weekend while sellers are grinding.
Anyway, we now have a support zone under price, made up of the 200MA and the 0.5 Fib — which, in theory, should hold against any attempts to push the price lower this weekend.
Always take profits and manage risk.
Interaction is welcome.
Today is Friday, July 4th, so probably a long weekend for most traders. Somehow, price got pushed back again. Just a hunch, but I believe long traders are touching grass this weekend while sellers are grinding.
Anyway, we now have a support zone under price, made up of the 200MA and the 0.5 Fib — which, in theory, should hold against any attempts to push the price lower this weekend.
Always take profits and manage risk.
Interaction is welcome.
Trade active
ETH is looking strong.The golden cross has completed and confirmed.
MLR > SMA > BB Center — a healthy long setup.
Next resistance sits at the 0.236 Fib level around \$3,730.
I’m just following the rules: watch PSAR, watch MLR vs SMA.
When things shift, we’ll be here to observe and act accordingly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.