A captivating analysis by Lark Davis highlighted the dramatic resurgence of Ethereum and key strategies for capitalizing on these market movements. The CoinSpeech team has distilled these essential insights from Davis’s recent appearance, which you can view in his new video below.
Ethereum’s Breathtaking Revival
Ethereum made waves with an incredible surge, jumping over 20% in a day. According to Lark Davis, such moves are exceptional: “Wild bullish propaganda happening here for ETH.” Despite this leap, ETH remains below the 200-day EMA, provoking traders to question whether this momentum is sustainable.
Strategic Moves and Market Predictions
Davis presented a nuanced trading strategy, advising caution against immediately going long: “It’s wild to think that even after all this wild bullish price action, ETH is still trading under the f’n 200 day EMA.” Instead, he suggests a strategy focused on slight pullbacks and critical price resistance levels. An example includes targeting $2,110, and he notes, “You put in 2100, it only goes to 2110 and you get you missed the move.”
Beyond Ethereum: Pepe’s Wild Ride
In an electrifying account, Davis turned attention to another high-flying token, Pepe. With an eye-watering 42% surge seen on its daily chart, he emphasized an adept approach towards breakout levels: “That for me was the signal to go long.” He elaborates on tight profit orders and taking advantage of 200-day EMA breaches, underscoring the importance of careful, tactful timing in volatile markets.
Join the Trading Action
Encouraging audience participation, Davis offers interested traders a chance to join his efforts on platforms like Bit Unix, showcasing the potential for substantial deposit bonuses and easy access trading environments. Whether you’re drawn to the prospects of Ethereum or the allure of newer tokens like Pepe, Lark Davis’s insights highlight crucial strategies to navigate the thrilling yet tumultuous crypto seas.