$ETHUSD | Possible Bearish Scenario | Targets Defined Short

Ethereum / U.S. dollarBitstamp

Description

⋅ Dec 23, 2017 9:02 PM

Above 70% - High Probability
Between 70-50% Medium Probability
Between 50-40% Low Probability
Below 40% Extremely Low Probability

I'm always hesitant to call shorts on Crypto's. But if the bearish scenario plays out, expect these targets to come into play.

Comments

armenhammer21

⋅ Dec 23, 2017 9:31 PM

would you say it would be a good idea to sell during this resistance zone?

GWaves

⋅ Dec 24, 2017 6:14 PM

@armenhammer21, The consolidation zone would be a low risk area to enter. In this case the consolidation zone is so large that you'd need to manage your risk properly.