daneski
Short

ETHUSD Possible Fake Out?

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD Looks like it may be breaking a daily down-trend from the 6th , however the break is on low volume . This could be the start of a new bullish trend but will need volume to confirm.
Comment: Confirmed break of short term down trend on slightly increased volume. Bullish sentiment would increase with a break of 740 with significant volume. At that point i would expect a retest of the previous high around 840. If 740 fails, we go down to retest medium term support (trend line starting 2018-04-13)
Comment:
Comment: Bounced off medium support line. Look for a break of this line to add to shorts

Comment: The low volume fake-out has been confirmed. we dropped back though our major down trend line. Price currently sitting 640 support. I expect this will break and fall to the next support level at 600

SO what u thinking now we will go first to 740 ?

then droop ?
Reply
daneski Akaa001
@Akaa001, Looks like it doesn't have steam for that. If we do get there on low volume it will be a great short entry.
Reply
Akaa001 daneski
@daneski,

But it is realllly stronger than BTC . It droop so slowly .
.
Do you thinking we can broken 640 $ ?
Reply
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