cpedersen90
Short

Ethereum Continuing Down

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
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2
Good morning,

It looks like we will be seeing some more downside on ETH. We broke out of the pennant to the downside, the next support level will be $380 to $360 level. If we see a good bounce with a lot of buy volume at these levels it may signal a bottom, if the bounce is small with low volume we will be looking to hit solid support at the $300 to $330 Level. Any buying here is very risky as there is no sign of a bottom, until we start seeing reversal signals I personally am staying in cash.

Have a great day!

Comments

Hello, same idea for me. Good luck ;-)
+1 Reply
cpedersen90 Seb1978CH
You too! Buy orders are in ;) @Seb1978CH,
Reply
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