TradingView
AjnoudaSikret
Nov 23, 2019 6:53 PM

You might miss the train! ETH just hit the bottom of pitchfork. Long

Ethereum / DollarBitfinex

Description

My previous ETH analysis was of because positioning of pitchfork points wasn't snapped to highs and lows. My mistake.
If we extend upper channel to fit the high of 364usd we get pichfork extension of 2.34. If we apply same 2.34 to bottom of the channel, ETH hit exactly the bottom at 138usd. Trend is still intact, and this could be great opportunity for long with tight stop loss below the channel.
Comments
VincePrince
Good view
More