Weekly Chart Breaks 100 WMA
Ethereum all time history index INDEX:ETHUSD
One of the most important moving averages in crypto is the 100 WMA . Try it for yourself and see that it acts as a fantastic moving average for support and resistance , as well as buy and sell signals. Yesterday we broke this pivotal MA, and history shows that usually spells bad news. I’d stay on the sidelines for now until we can get a better picture of where local bottom is, until then, I remain bearish now – long term, crypto will change the landscape of the financial future. Cheers
