Turning short term neutral on ETH

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
ETH has been largely laging BTC and other token in this past few week advance. The 180-190 zone proved to be a very strong zone to go through and now the token is being rejected. The break below 168.00 is a first negative signal and force us to adopt a neutral short term stance. We expect ETH to test soon previous low @ 155.00 and find support somewhere between 145 and 150.00 . Any trade below 144 is a red signal and negates our favorite elliott wave count.
Bigger picture, we keep a bullish view with more upside above 200.00. Time is now for a protected approach with tight stops on long positions.

The TTH team is pleased to announce the grand opening of its Slack team. You will share trading ideas with our community, improve your trading skills, benefit from live intraday technical analysis and strategies. Video sessions with TA teaching and concrete cases are on the agenda too.
Welcome bonus with a free trial
Link to the : Slack team

If you want a preview of our analyses,
follow us on Twitter
follow us on : Facebook
follow us on : LinkedIn
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out