TradingView
rexlomax
May 28, 2018 5:36 PM

ETH going to 290 a piece Short

POLONIEX:ETHUSD3D
Ethereum / US DollarPoloniex

Description

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Let us not be fooled by the market manipulators.

Be safe.

Trade active

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Comment

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ETH has been very strongly in this bear market, so it's possible that 400$ could be final support.

Comment

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Maybe a double bottom at 360$ for ETH?

Trade closed manually

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ETH seems to be forming a nice accumulation zone around 450$. I think there is a lot of risk to be short here.

Comment

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I think it's more safe to be long now

Trade active

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Short trade still active. Accumulation at 450 failed.

Trade closed: target reached

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Trend AnalysisWave AnalysisEthereum (Cryptocurrency)ETHUSDETH
Comments
JackieHuynh
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eth, bitcoin are all approaching its key support now. So scary. What's your thought , Rexlomax ?
rexlomax
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Bitcoin has long standing support at 5700 if that gets shattered all hell will break loose.
ETH should find support around 250-290$
rexlomax
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@SamHuynh,
JackieHuynh
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@rexlomax, we still have this last support around 5.3k-5.5k below 5760$ .
JackieHuynh
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you don't think that support basing on the falling wedge will hold if 5760$ is broken ?
rexlomax
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@SamHuynh, Below 5700 next support is 4500 IMHO. Finding exact support after 5700 will be like trying to catch a knife
JackieHuynh
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@rexlomax, correct me if I am wrong. According to volume profile and support resistance, don't we still have one strong support around 5300-5500$ (this one match falling wedge, support line, high bar volume profile), then if we break 5300$, it will be free fall to 4500$ range because of low volume bar. Do u think my thought is logic ? im still learning volume profile
rexlomax
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@SamHuynh, Take at look at it on weekly
JackieHuynh
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yay, finally :)
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