Technical analysis by Lanmar about Symbol ETH: Buy recommendation (10/24/2022)

Think a lot of crypto traders are under-positioned on the long side. *Medium term* downtrend remains intact, but think we see a rip higher off these levels at least into next key resistance. The lower risk play is to wait for more confirmation on high volume. I am long here. ETH Monthly - Looking at ETH from a bird's eye view it's still holding firm above the weekly closing highs of 2018 and the 50 month sma: ETHBTC - I have a preference for ETH as long as it's above this level: MARA is potentially front running crypto: COIN setting up for a failed H&S/squeeze (still in a very strong downtrend but if it the H&S fails we could see a squeeze higher): S&P 500 held the 200 week MA and rotating on the daily. This could be a signal for short term risk-on appetite:Target one here (trim spot):ETHBTC: