Stoic-Trader

ETH not bottomed yet... but probably very close.

Long
Stoic-Trader Updated   
BITFINEX:ETHUSD   Ethereum
OK, my time to call bottoms on ETHUSD ...

The low from July 2017 sits around 135. This low could be Wave 4 on the impulsive that went up to the 1400s. So this could also be a target for the retracement we've been on since January highs.

We also have a pretty clear trendline that has to be broken in order to have any expectation of a new uptrend.

Or... it could go all the way down to 0 or below, and people will have to pay to get rid of their coins :-|
Comment:
Trendline was broken, but upside doesn't seem very constructive. we could have another test of the trendline forming a new lower low.

📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)

linktr.ee/stoic.trader
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.