justatrader

ETH - Time to load up on longs

Long
BITFINEX:ETHUSD   Ethereum
Its been quite a ride for cryptos these past few weeks. Thanks to Dimon's negative comments and China's actions on exchanges and ICO's. ETH has slipped to the support level of 258 - 240 making a good level to enter to the long side. The next focus will be on the upcoming fork for ETH which should help to bring some optimism back.

The cup and handle pattern in ETH is now widely recognized and we expect to see ETH pushing higher in the coming months.

Good luck!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.