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asenski
Apr 30, 2016 10:08 PM

ETH is at resistance, could go lower. Short

Ethereum / BitcoinPoloniex

Description

ETH is facing some resistance at 0.0200

Comment

We did a second tiny dip down. This could easily continue the uptrend. Add to the mix the hype around the DAO and the conference. If short - a tight stop above 0.0210 might be good.
Comments
lemezohaib
asenski
That too. Thank you for the chart. Note that it will eventually break that top yellow line and when it does, if it retests it I'd go long there.
lemezohaib
Not now! It will go for the low first! Then can be break upside!
asenski
It's banging at the top yellow line's doors again...
asenski
That didn't take long...
phlogistax
Thinking the same. Though it is particularly hard to be sure in this case with all the hype about DAO tokens

daohub.org/index.html
asenski
Yes, also the ConsenSys conference next week.
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