NickTheGreatStockTrader

ETHUSD could drop to 190 again before coming back to where it is

Short
COINBASE:ETHUSD   Ethereum
I think ETHUSD will drop to around 190 dollars before rebounding back to around its current price. It’s in a consolidation phase right now and the support/resistance is at 190. All the technical indicators on the chart will be down, thats when I would finish shorting and buy again for a long. Once the price goes back up to 208 I would sell and make a profit.

(Not financial advice)
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.