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without_worries
Aug 15, 2019 7:32 PM

$100 / €100 Ethereum? Short

Ethereum / EuroBitstamp

Description

Chart just confirmed head & shoulders with RSI trend line acting as resistance on three occasions now. Be patient and cheap cheap Ethereum will be yours.

Trade active

Might get anther opportunity at €140 - as can be seen above, the falling wedge will usually confirms about 70% into the pattern / November 22nd.

Trade active

The weekly chart is looking ugly. A massive bearish engulfing candle. We'll have to wait until the week is closed, however. If it stays as it is now expect more downside to come. For now we've stopped at the 61.8 golden ratio, a test of the next level looks likely.

Trade closed: target reached

Weekly charts never lie!

Today we had a bounce off the 0.78. Yup the market is fretting, blood on the streets. Now is the best time to start filling up.

Comment

€130, €100, it's all the same don't try to catch the exact bottom when considering the upside.
Comments
PurpleCrypto
What level do you think it will hit?
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