ETHE (Grayscale Ethereum Trust): ETHE is at it's lowest premium since November 2019 as of 08/19/20 sitting at around 179% vs roughly 1000% lesss than two months ago. It's also currently sitting at a horizontal support/rising support line and rising RSI support. With Ethereum overall being bullish I would expect the premium to go up fast if there is a big move. Trade target is the low 100s range, sell initial investment and keep profits in play for a bigger move. Stop loss at 65 in case the head and shoulders pattern breaks down.
Let me know your thoughts.
Disclaimer: This account and post are not intended as trading advice and are for educational and informational purposes only.
Let me know your thoughts.
Disclaimer: This account and post are not intended as trading advice and are for educational and informational purposes only.