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apuigsech
Apr 2, 2017 1:21 PM

Is ETH going down? Short

Ethereum / BitcoinPoloniex

Description

We had really great days on Ethereum with an awesome rally but seems that it's already exhausted. Ethereum is right now drawing a clear bearish channel that will be confirmed longer if the price breaks down to 0.043/0.042.

Ethereum is a great long-term asset because the technology behind is awesome, so it could be a great oportunity for those who lost the rally to get good prices on the following weeks.
Comments
apuigsech
@Ebief, I don't see any signal to change SHORT to LONG yet.
Ebief
nice call. any updates to your chart? When is a good time to enter? Thanks!
connerlittle
Thoughts on how far down it will go before a nice rebound?
n0xTrader
Sadly, i agree with you. I have closed recently longs after we failed to even approach attack on resistance.
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