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Buy Setup on ETHUSD
Looking at EthUsd, price is beginning to play out as I expected around a week ago! Price has pulled back to the lower level around 2900. Now wouldn't be a bad time to throw some money into ETH.
As for short term plays, I would wait for a bullish bounce off of this level before validating any type of buying pressure. I still believe in the long-term bullish bias of this asset, so I do anticipate another bullish rally. But for now, this is what we're working with.
As for short term plays, I would wait for a bullish bounce off of this level before validating any type of buying pressure. I still believe in the long-term bullish bias of this asset, so I do anticipate another bullish rally. But for now, this is what we're working with.
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