ETHUSD Nice Long Position from 61.8% Retracement Long

Ethereum / DollarBitfinex

Description

⋅ Feb 7, 2018 9:39 PM

ETHUSD has just pulled back from $1,400 and was supported by 61.8% retracement. This is a nice position to try longing it.

⋅ Feb 15, 2018 5:54 AM

ETHUSD has just reached first resistance of 38.2%, which is also the previous low. It should be able to reach next height of 23.6%, 1120, shortly.

Comments

JamesZhang

⋅ Feb 10, 2018 1:27 AM

Pulling back from 1400 to 600 is a very good relief of ascending pressure, and I believe ETHUSD now is more prepared to strike 1400 again.