ETHUSD - not too late to get in. Low risk buy based on MA
If you've been following my earlier posts "ETHUSD to enter large leg 3 impulse driven by reversal on ETHBTC" here and here and ETHBTC breakout in a week or two or sooner? you'll be enjoying the ride.
However, it's not too late to get in on this huge 3rd impulse wave. I've been using ETHBTC as a proxy to understand the opportunities for gradually building a position in ETHUSD over time.
You can see in the lower of the two charts above that ETHBTC has been closely following the 20 Day Moving Average over the past 4 days. Each time it hits the MA, it bounces back with a new impulse wave. It's still early in the journey with ETH targeting 1500+. As a bench mark, XRP was up 150% on this similar impulse vs ETH being up 'just' 70% so far.
ETH is so bullish at the moment it may not go to the MA yet and just keep moving up against USD and BTC. So you could buy in now. However, if you want to get in with a lower risk, wait for ETHBTC to hit the 20 MA and then buy in. Even lower risk (although lower reward) is to watch for it to hit and bounce back up - effectively buying the breakout.
However, it's not too late to get in on this huge 3rd impulse wave. I've been using ETHBTC as a proxy to understand the opportunities for gradually building a position in ETHUSD over time.
You can see in the lower of the two charts above that ETHBTC has been closely following the 20 Day Moving Average over the past 4 days. Each time it hits the MA, it bounces back with a new impulse wave. It's still early in the journey with ETH targeting 1500+. As a bench mark, XRP was up 150% on this similar impulse vs ETH being up 'just' 70% so far.
ETH is so bullish at the moment it may not go to the MA yet and just keep moving up against USD and BTC. So you could buy in now. However, if you want to get in with a lower risk, wait for ETHBTC to hit the 20 MA and then buy in. Even lower risk (although lower reward) is to watch for it to hit and bounce back up - effectively buying the breakout.
