Huge Breakout for Ethereum #StayLong
Ethereum has confirmed an accumulation phase with strong follow-through volume. Within the trend we see higher lows with a consistent high. The ema indicates we should see a nice bull run most likely mirroring the ranging size we experienced during the accumulation phase. Personally, I am not concerned about timing the next high as I plan on sitting long for a long time frame, I have the ETH not even on the exchange but a physical device - I'm thinking out in terms of years here.
The weakening dollar, and the strengthening defi network indicate to me that Ethereum could be in a bull market for years. Think guys when this breakout occurred? FOMC day. I think if you think like an fx trader, when the underlying macro trends are backing your pair you can camp out in a product that will trend a direction for a good long while.
The weakening dollar, and the strengthening defi network indicate to me that Ethereum could be in a bull market for years. Think guys when this breakout occurred? FOMC day. I think if you think like an fx trader, when the underlying macro trends are backing your pair you can camp out in a product that will trend a direction for a good long while.
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Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.