Ethereum Looks Likely to Break Out ethereumblockchain ETH Crypto cryptotrading CryptoInvestor
as a leader, so therefore if Bitcoin continues to rally, then I think Ethereum continues to be the case.
If we break down below the bottom of the shooting star from the trading session on Thursday, then it’s likely that we go back down to the 200-Day EMA, which is closer to the $1500 level. The 50-Day EMA sits just below there and is getting ready to cross above it.
On the other hand, we get a bunch of “risk off” type of news, then the market is likely to break down belowEither way, it’s going to be very volatile, so there’s nothing wrong with putting on small positions and then billing up from there. The attitude of the market will continue to be erratic, but that will be nothing new considering what we have been seeing for some time.
I think you got a situation where we will continue to see plenty of trading opportunities but right now it looks like a “buy on the dip” situation.
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