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UnknownUnicorn6047038
Feb 28, 2020 2:31 PM

#ETHEREUM - Sharp Decline Short

Ethereum / DollarBitfinex

Description

Hello guys, please support this work with the LIKE

the price sharply declining and was rejected from strong resistance trendline, which means we can continue to short it

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Comments
fluxus_trader
Is it enough to say that it's going down like you have suggested just because it was rejected by resistance?
Pecapri
Is long for me
eswar999sg
What about double bottom and recovery? Can't be considered?
UnknownUnicorn6047038
@eswar999sg, if resistance trendline will be broken then we can consider long but I would better wait for more confirmations to work with long, because price lost some important levels
eswar999sg
@Alex_Clay, I think BTC and ETH has doubled bottom pattern, also there's strong support at 8500, daily closes above 8750 consecutively - Considering all these facts, I think we can long - Kind of buy the dip works here. Just my 2 cents.
ylwghst
@eswar999sg, I wouldn't recommend that before $206 and bounce back.
RobotElvis
WOOP WOOP. Great my trading bot also catched this: 16% profit for now with no leverage ;)
Also think we go a bit more down
ProjectSyndicate
XRPUSD 2 scenarios: 14c//16c more losses mid-term(NEW).
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