Think a lot of crypto traders are under-positioned on the long side. *Medium term* downtrend remains intact, but think we see a rip higher off these levels at least into next key resistance. The lower risk play is to wait for more confirmation on highvolume. I am long here.
ETH Monthly - Looking at ETH from a bird's eye view it's still holding firm above the weekly closing highs of 2018 and the 50 month sma:ETHBTC - I have a preference for ETH as long as it's above this level:MARA$Marathon Digital Holdings Inc(MARA)$ is potentially front running crypto:COIN$Coinbase Global, Inc.(COIN)$ setting up for a failedH&S/squeeze (still in a very strong downtrend but if it theH&Sfails we could see a squeeze higher):S&P 500$S&P 500(.SPX)$ held the 200 week MA and rotating on the daily. This could be a signal for short term risk-on appetite:https://www.tradingview.com/chart/ETHUSD/cQZAq80W-ETH-holding-key-levels-I-am-long/
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