victorko

ETHEREUM LOOKING WEAK - IDEAL SHORT

Short
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum is looking weak on the chart. Declining volume and no interest in the altcoin. Bitcoin is also looking like it could tumble also. The technicals paint a weak picture with RSI , ROC and MACD all looking bearish . ETH/BTC pair is in steep decline indicating Ether is weak compared to Bitcoin . I think Bitcoin and Ether will fall together from here. Ether has broken its up trendline, could plummet at any moment. Look to sell short on Ether.
Trade active: Ethereum is moving lower. It broke the trendline and has dropped suddenly. It is not too late to short. It is hovering around 186 now. On any strength, short it.

Comments

Not to nit pick, love reading everyone’s thoughts and appreciate the input, but has ETH really truly broken the trend line? Seems to just be hugging it
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