brpatel
Short

ETH about to dive!

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Let strap on the seat belts. This ride should take us to Target 1 @ 485 and Target 2 at 471 which are the two fib levels of the second from left fib retracement. Hourly Stoch RSI , Daily Stoch RSI all show correction is in order if not a longer term downtrend. We will BREAK DOWNWARD before the apex is hit on the timeline. I believe it will be more likely in the next couple hours.

Disclaimer: This is not trading advice. Please trade based on your own convictions. Do not forget to give a thumbs up if you liked this content.
ETH has a bigger Fib at 514 that is respected, bullish or bearish rejection needs to be confirmed
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brpatel atorrealba
@atorrealba, Conventional wisdom does not seem to apply to BTC or ETH. They both do their own things. However, trend is key. I merely project based on trend when arriving to this conclusion.
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atorrealba brpatel
@brpatel, well it hit my target on the dot lol so now we wait for market to decide
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brpatel atorrealba
@atorrealba, Working to get a handle on this myself. I see you are a bit more seasoned. What is your stance on ETHUSD right now?
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atorrealba brpatel
@brpatel, I was about to enter short $520, however waiting to see price action cause BTC is tricking people into taking wrong footed trades
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