Trader9898

ETH Higher Highs And Fib Retracement

Long
Trader9898 Updated   
BITSTAMP:ETHUSD   Ethereum
ETH has been on a tear lately along with NEO, while all other coins are down. These two coins are based on smart contracts so there is an interesting correlation there. ETH continues to make higher highs, while recently bouncing off of support trendline, and exactly at 0.61 Fib retracement line. Setup looks like a long setup in the near term.
Comment:
Price broke through trendline - trade no longer active
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