ETH Strong Trend My Friend / Buy on the Dip

By 3rd Dog Script crypto | 3rd Dog Script | 22 Feb 2020

eth 1

1 Week chart

eth 2

Daily Chart

cover image courtesy of CoinMarketCap

Yes, a strong trend is your friend and there's a strong trend on ETH Weekly and Daily charts. Entering a position on a wave four to five is a great Elliott Wave strategy. Buy on the dip when the price action drops back to the MA20 is another good strategy. You can see a clear impulsive wave up with alternate corrections: one sharp and sideways. Check out EngineeringRobo's post and trend analysis. Below he explains the difference in trends using Moving Averages.

trend

EngineeringRobo’s Secret Formula

I hope you enjoy my updates on major cryptos! - 3rd Dog

I’m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.

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