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peterbokma

ETHUSD-SELL strategy

Short
Ethereum (BITSTAMP:ETHUSD)  
peterbokma  
BITSTAMP:ETHUSD   Ethereum
Trend Analysis ethusdsell
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trendanalysis ethusdsell
Using GOLD for showing correlation for the ETH movement. We are right now very correlated @ 0.90 and this suggest we should see pressure further on ETHUSD. Likely we will move towards a test of $ 1,750 before we may see some pause.

The overall view is we will decline further to $ 1,250 in the medium-term.
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