This article was posted on Friday, 12:46, UTC.
Ethereum has posted a strong close above resistance that has been troublesome for many days. See the chart below: That 1st arc of the 2nd pair has bedeviled this market for quite some time, but as you can see, the arc has yielded to the bulls. This is not yet a buy signal, as the 2nd arc of the pair still waits for pricetime at around $47. When/if we see a close above that arc we will be given a buy signal. In the meantime, my suggestion would be to wait patiently. Of course, it is possible that the arc…
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Jim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here.
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