ETHUSD PREPARING FOR LONG ENTRY
Hello, fellow crypto enthusiasts! How are you feeling this Tuesday? I hope all is well with you!
Here's a quick update on ETH on the daily timeframe. The trading system just flipped short, but since we're in a bull market, we don't take short positions. Instead, we wait for the system to flip long again.
In the meantime, we can monitor three key levels of interest:
1. The 0.382 Fibonacci retracement level (all-time range).
2. The lower highs trendline.
3. The 200-day moving average (200 MA).
If the price holds above at least the 200 MA and the 0.382 Fib level, and the system flips long again, that would give us the green light for a long entry.
Patience is key here! I'll keep this idea updated for both of us.
Thank you for reading!
Here's a quick update on ETH on the daily timeframe. The trading system just flipped short, but since we're in a bull market, we don't take short positions. Instead, we wait for the system to flip long again.
In the meantime, we can monitor three key levels of interest:
1. The 0.382 Fibonacci retracement level (all-time range).
2. The lower highs trendline.
3. The 200-day moving average (200 MA).
If the price holds above at least the 200 MA and the 0.382 Fib level, and the system flips long again, that would give us the green light for a long entry.
Patience is key here! I'll keep this idea updated for both of us.
Thank you for reading!
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