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GaiaDaughter
Sep 20, 2018 7:30 PM

ETHUSD treading water? Long

Ethereum / DollarBitfinex

Description

Not a professional and just getting back into trading.

However, after studying ETH, I have found that the trendlines I drew are pointing to an intersection, the late three days have stayed within a sine wave oscillation, and the stock will need to break out of this cycle before I feel comfortable buying. The top of the sine wave is where I would want the next support level to be. I would watch for that support level to be tested twice before going all in. I'm a long trader, and right now there is so little volume that I don't see a break out anytime soon.

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