Yuriy_Bishko

ETH/USD is close to key place where we can open...

Short
Yuriy_Bishko Updated   
BITFINEX:ETHUSD   Ethereum
ETH/USD overview. Just take a look on chart, price is so close to key level $628 from which cryptocurrency rate bounced several times. That level is a key zone for big players. You can open short near $628 with goal $400.

If price will move down, it could go to $400. But for us that would be the greatest opportunity to buy ETH for so low price.

I need to explain you, why I think only for short, at this moment. As you know there is no news around cryptocurrency. We have silents. It's a signal that Big players accumulate their positions. They do it in a Range moves. They wait till retail traders will get tired to wait, and sell all their positions for a low price. There could be a big moving after huge range. I see that pattern on every marker on Stock, FX and Crypto too.
Comment:
Downward scenario is working. Price is close to key level $500. It could decrease to $359

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