On the daily, ETH is closing above both the 200MA and the previous tops. PSAR on the original system has flipped, though the free-to-use version hasn’t yet.
This is a trading idea. If you choose to allocate real capital, be prepared for the possibility of loss. But if you trust the system enough to allocate capital, trust that the PSAR has flipped and today’s close marks the entry.
It’s exactly how the system defines a valid setup:
Daily close above the 200MA, with MLR > SMA > BB center.
The 12H timeframe acts as confirmation from the lower TF, and the 4H is already green and ripping.
So buckle up—this could be a ride worth taking.
Always take profits and manage risk.
Interaction is welcome.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.