While I remain bullish on ETH and have been waiting for a good re-entry point which I initially had at $850, we need to consider the bleeding market at the moment.
If we break the dotted trend line and find no support on the 100 day MA at around $812, my feeling is we may find support at Support 1 and worst case Support 2.
For now I have moved a percentage of my buy to $820 and will watch what happens at that level.
Good Luck!
If we break the dotted trend line and find no support on the 100 day MA at around $812, my feeling is we may find support at Support 1 and worst case Support 2.
For now I have moved a percentage of my buy to $820 and will watch what happens at that level.
Good Luck!
Comment:
As mentioned the dotted trend line was broken and we have found some support between 1 and 2 for now.
Comment:
Strong bounce off the 200 SMA
Trade closed: stop reached