ETH/BTC

9 mar 2018

I would look to start building a long position in eth at the 68-69 area where there is the support and a good VPVR historically. We can see the 200 days EMA in the box with the investors EMA contracting with a bearish bias but we also have the traders EMA starting to compress but with a bullish bias. Giving the current market trend I would expect ETH to at least go touch the 68 support. From there we will be able to further analyze the trend but a dip in the big zone of 54 to 46 would be a nice place for a strong reversal and finishing building our long position before a nice pump.