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RE: ETH Gets Rejected At The 200 SMA ! What's Next ?

in #ethereum6 years ago

hi, great post.

i would like to see eth in btc terms, as eth is still an altcoin, and moves in tandem with btc. the chart below shows that ethbtc has crossed 50 day and 200 day moving averages. Death cross is almost about to happen, but ethbtc has broken both the MAs.

I think eth may test the 50 day/200 day MA, and then bounce to make higher highs, more bullish on eth than btc.

ethbtc.png

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I think you might be right :) Thanks for commenting :)

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