Smoak

Ethereum Headed to $492

Short
Smoak Updated   
BITFINEX:ETHUSD   Ethereum
Ethereum has broken one trendline and appears to be headed to the next one down which also aligns with a support. I would be surprised if Ethereum did not test this area.
Comment:
The support I mentioned at the 492 level didn't do anything to stop this free fall. I'll be watching the 395 area closely followed by the 270 level. I would expect some bounce off of these levels but it may be a temporary one.
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