TradingView
Wineclaw
Jan 11, 2018 4:27 PM

ETHUSD Pullback Into Trendlines 

Ether / United States DollarCoinbase

Description

I believe that ETHUSD will either have a correction back within the trendlines established since Summer 2017 or stagnate until it's within those trendlines. Stagnation would require ETHUSD to trade flatish for 3 months. Therefore, that is the least likely outcome.

We saw this happen with LTCUSD last month (attached idea).

Possible test of resistance-turned-support at $806.

Comment

Bounced off the $806 line very nicely

Trade closed manually

Missed my target by one day
More