You know, HOLDing and waiting for your favorite cryptocurrency to go “to the moon” ain’t the only profitable strategy when it comes to this market, still in its infancy.
Today we are going to go over some charts. We’ll discuss where we see some probability of good swing plays (buy and hold for a short term) and calculate our risk-reward for each of these possible trades.
Ethereum (ETH) – LONG
A buy signal is now forming on Ethereum. This would be a swing trade to the 850 levels when the last resistance will be tested again, with a possible breakout to new highs (where we might see 1000s soon).