Ethereum's crossroads at a glance.

31 ene 2021

Hi there. Beginning trader and technical analyst. I don't trade much trend continuation. Mostly bottom feed on stuff that looks like it is going to fall off the map. Am not comfortable at all buying in this area of price action after long run, but I thought I would throw up a chart to show my thinking on two possible scenarios. Of course if BTC moves precipitously in either direction the TA kind of gets tossed out the window-so hard to account for that in alt analysis, imo. Also, major news might continue ETH's bullish drive into February on the 8th's future trading date. Learning so any constructive feedback is appreciated. I feel the chart tilts bearish but we will see. ETHUSD **I'm not in an ETH trade long/short and this certainly is not trading advice by any means.