ETHBTC Moving in downtrend channel. Target support line of the channel.
Most of the crypto projects which collected funds via ICO have too many ETH as capital. They hope that ETH will grow up. This projects have big expenses: for salaries, development of product, marketing and other. But now the crypto market going down and people are scared they want to save own capital and ready to sell coins at any price... ICO projects selling their ETH in panic... I hope this panic will end. But "When?" that is the question. Now there are no signals to stop it. So, Short position on ETH is the best decision!
Most of the crypto projects which collected funds via ICO have too many ETH as capital. They hope that ETH will grow up. This projects have big expenses: for salaries, development of product, marketing and other. But now the crypto market going down and people are scared they want to save own capital and ready to sell coins at any price... ICO projects selling their ETH in panic... I hope this panic will end. But "When?" that is the question. Now there are no signals to stop it. So, Short position on ETH is the best decision!
Comment:
Touched support line
Trade active
Trade closed: target reached:
ETH First Target reached
Trade closed: target reached
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