AlfredoCollado

---ETH---ETHEREUM BEAR MARKET CONFIRMED. WILL GO MUCH LOWER.

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum has broken a KEY support zone on the log chart that has now become a strong resistance. Market structure has broken.

I believe a short here at relatively low leverage is in a GOOD risk/reward here.

Since BTC is expected to go much lower, I am expecting ETH to hit $300 as next support zone .

Comments

Correct: 23
Incorrect: 9
Skipped: 4
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Will it bounce from $300 or just stay flat and then continue breaking down?
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@erfrerd,

It should consolidate around this area for a while...if BTC keeps breaking down, then I do expect Ethereum to follow suit.
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Isit?
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