I added to my Ethereum position today as it retook its' 50-day moving average with volume coming in. Due to the volatility associated with cryptocurrency trading, I prefer to build a position over multiple buys rather than establishing a large position all at once. The fact that my prior buy is at a profit provided me with some clarity that it was ok to add more exposure. It's also very constructive to see Ethereum above both its' 50 and 200-day moving averages as well as its' 50-day moving average above its' 200-day moving average. Should Ethereum continue higher in the coming weeks, I will look to add some more if a proper entry entry point occurs.
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Full Disclosure: I currently own Ethereum.
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