Yesterday 
ETH went and closed below the 200D EMA, normally this is a very bearish sign for at least the short- to middle term.
But following yesterdays bounceETH is now trading above the 200D EMA again, which could lead to (when close above) a bullish deviation.
This would probably mean that a lot of late shorters below the 200D EMA will be trapped and squeezed out of their shorts the coming week(s).
ETH went and closed below the 200D EMA, normally this is a very bearish sign for at least the short- to middle term.But following yesterdays bounce
ETH is now trading above the 200D EMA again, which could lead to (when close above) a bullish deviation.This would probably mean that a lot of late shorters below the 200D EMA will be trapped and squeezed out of their shorts the coming week(s).
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Disclaimer
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.