This ETH trend line is holding up. Once we break this trendline and $700 area as support we can expect a move down to 600.
At 600 I will be playing a bounce play. Key, word, bounce play. I will be looking for a move back up to 650-700.
At 600 we have:
key support
EMA's and MA's converging,
50 FIB
we should get some support from there.
This will probably take a few days to manifest, but we should get a solid bounce if we get there.
Happy Trading,
Sherem
Last call we made money on -
At 600 I will be playing a bounce play. Key, word, bounce play. I will be looking for a move back up to 650-700.
At 600 we have:
key support
EMA's and MA's converging,
50 FIB
we should get some support from there.
This will probably take a few days to manifest, but we should get a solid bounce if we get there.
Happy Trading,
Sherem
Last call we made money on -
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And as always if you like this idea, let me know!
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Broke the trendline, further confirmation is when we break $700
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Still waiting for 600. to much risk right now to enter. My buy will be just above 600 right around 605-610.
This thing is going to bounce around this 700 area, don't be surprised if we go up around 700-710. before moving down again
This thing is going to bounce around this 700 area, don't be surprised if we go up around 700-710. before moving down again
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Target is still 600, buy order in at 605. Looks like we are just forming a bear flag before moving down again.
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New update:
