ETH TO GO BULLISH AGAIN ONCE EMA20 CROSSES BACK OVER EMA50

28 nov 2020

ETHUSD

Here is some more analysis using EMAs looking at 1 hour candles.

You can see with each pink circle, once the EMA20 (blue line) crosses above the EMA50 (black line) we enter a bullish period. This spike continues until EMAs even out and the EMA50 crosses back over. Looking at the green circle we see EMA50 is currently still above, once that turns we are bullish.

These two EMAs are very standard for cryptocurrency analysis.



This is not financial advice! Please trade at your own risk.