ETHBTC Holding 170 day simple moving average for 1 week - stability
Daily Chart ETHBTC
Notice Stochastic RSI trying to turn up, MACD starting to curl. Price has held 170 day simple moving average for 5 days of price consolidation - known as basing.
ETHBTC 4 Hour Chart
Stochastic RSI curling up, indicating new uptrend, MACD curling upwards, bearish momentum waning. Notice 30ema also curling upwards toward the 68ema. Needs volume to retake historic trendline.
Trade: Reiterate bullish stance on ETHBTC from earlier in the week. Take position here, set loose stop loss 2-3% (or more appropriate to individual risk tolerance)
Alternative: Wait for bounce on volume to take position and scalp the move up.
Follow at your own risk, Not a financial adviser, understand the risks associated with trading and investing. Manage your own Risk - in other words you could lose it all and I could give a fuck.
