Coinathlon

ETH healthy retracement

Long
KRAKEN:ETHBTC   Ethereum / Bitcoin
Ethereum had a nice run up and is now in a healthy correction fase. We're still up 77% since the beginning of 2020 so if you are in doubt as to wether or not we're in a bull market for ETH I suggest you take a look to the weekly or monthly chart.

- Currently around the 3000 sats level
- Wicked into the golden pocket
- MACD has just entered positive territory

I have entered a small position with a SL below the golden pocket.

Also make sure to take a look at how nice the bullish divergence worked out for ETH. This tends to be a strong pattern to spot for this pair.


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Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.

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