imorton777

ETH has a hard road ahead (death cross imminent)

Short
imorton777 Updated   
KRAKEN:ETHUSD   Ethereum
Crypto trading has few more reliable indicators than the golden cross and the death cross. The golden cross (when the 50 day moving average crosses above the 200 day moving average) always sends the price up for an extended period of time. Well, we're staring down the barrel of a death cross on ETH. My advice is to load up your shorts at $188 and ride the wave down until the tide turns.
Comment:
If you check the chart above, look what happened to price once we hit the golden cross on the daily on April 19th of 2019. I expect to see the inverse of that heading our way mid September.
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