Xzhi

Ethereum (ETHUSD) Looks like a correction down is coming.

COINBASE:ETHUSD   Ethereum / U.S. Dollar
My first neutral idea.

ETHBTC looks like it may need a significant correction soon, so this lowers the gain ETHUSD will likely have if BTC pumps. So you should be better off with a BTC long if you are bullish instead. There is also a bearish rising wedge pattern on the chart. The ETHBTC rising wedge has already broken down.

ETH does have a 0.99 correlation with BTC , so it will still hit higher highs if BTC does, but ETHBTC might not.



Here is the ETHBTC chart & my prediction. It is just a wild guess.

Thanks for viewing!
Comment: Keep in mind Bitfinex will have a maintenance in the next 24 hours and Binance could pump it then. in that case ETH will probably rally higher.
Comment:

Short term probably going to bounce.
Trade closed: target reached: Boom. 15%
Comment:
I agree
You forgot to send me PM with that trading strategy of yours :))
Reply
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