ETHE - Short Term Trade If $ Has Technical Break

If you look at my previous posted chart, and the dollar does a short term drop, and we're talking day or days here, then ETHE may come up and test it's 63 Week Exponential Moving Average from the bottom and catch a rejection at about the time the dollar resumes its rise. Might be a Friday only trade as I'd be nervous holding crypto in a trading account through the weekend with with the Fed meeting on Wednesday next week. The dollar could move on me before market open Monday morning and the short term trade could be a loss. I would look for the candle rejection on the 63 week EMA and sell the position should this kind of move happen and I'd limit my trade exposure to 1 day, even if it doesn't reach the target tomorrow. This is best traded in some kind of IRA so you aren't taxed on the gains at the short term rate.

Komentar:

The Dollar broke it's terminal uptrend, but not meaningfully. I wonder if we are rangebound near these levels into the fed meeting Wednesday?