Art_of_Trading

What to do - Sell or Buy ETHEREUM (ETH)?!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
The Ethereum             market moves sideways today. There is a clear triangle formation that creates a good trading setup. There are two possible scenarios that may develop. First, the price is at the structure (red box) that acts as mini support. The price may bounce back and go up as we saw the market was bounced everytime it touched that zone. The second scenario is the breakout. If the price breaks this trendline (dynamic support), it is more likely the price will go down and will be selling opportunity.
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