Ether cleared the critical $1850 range today and continues to show impressive action. Last year, I mentioned that Ether had most likely bottomed and was demonstrating subtle signs of strength during the FTX collapse. Now, we are starting to see volume come in as ETHUSD takes out important resistance levels. It's also nice to see the 10-week moving average above the 40-week moving average and for ETHUSD to find support at these major support levels. I added to my position in Ether today and will look at add more over the coming months as additional buy points develop.
Risk right. Sit tight.
To learn more about swing trading strategies, stock market trading, and how to trade cryptocurrencies, visit my course page.
Full Disclosure: I currently own Bitcoin and Ethereum.
Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.
Comentarios