I'm not a long term believer, nor do I have short term trades on - I am zero involved in ETH - but it just might be the healthiest chart out there. It certainly looks like a clear bullish above/bearish below level that price is sitting right on top of.
Great low risk entry for the seasoned trader who wants entries with close stops. For the rest of us, well, ETH might be a bit of a leading indicator, with, ahem, don't look now, STEEM? And BTS consolidating under the belly of the 200 DMA?
Look who's in the top three. Then think about who was at the top first, and who's come up challenging from behind. That's a real good trend for STEEM and BTS: to have become part of a select group standing shoulder-to-shoulder with the best chart out there while gaining ground in absolute terms at the same time. When do we overtake it?
Are we on the backstretch with this?
Three great leading indicators in any event. 馃槑
