mongacoin

some pull back for eth (bearish 3 drive)

Short
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Crossing the EMA
3 drive

Target profit levels
Comment: TP1 Hit
Trade closed: target reached: Closed all the target hit. Looks like C wave is done

Comments

It is bouncing off from every support but not able to break upside, volume is crazy. Seems like bot trading/wash trading, what do you say? I am waiting for 180 levels - is it possible?
Reply
mongacoin WealthHustler
@WealthHustler, bids rushing in like this during a key support or EMA shows that bots are trying to maintain price at this area to clear enough of their position. I think once that is done we will see the trend movement.
Reply
WealthHustler mongacoin
@mongacoin, can we expect a little more downside? or let say retrace back to 180/185 levels? I think double bottom would consider strong reversal no?
Reply
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