I would say bearish. Zones have been tapped and rejected. Short

Ethereum / DollarBitfinex

Description

⋅ Jul 30, 2017 6:13 PM

Zone analysis with EMA's - looks to have tapped upper zone 4-5times and has been rejected, can't see much momentum to take this through the zone

Trend Analysis Technical Indicators

Comments

Acidus

⋅ Jul 30, 2017 7:13 PM

Trends are definitely pointing downward for now. I don't think we'll see another drastic breakout until 8/1 or after.

KenCarv

⋅ Jul 30, 2017 7:25 PM

@Acidus, I've just posted daily so you can see zones :)

Acidus

⋅ Jul 30, 2017 7:30 PM

@bencarvill, got it!

DoYouMine

⋅ Jul 30, 2017 6:30 PM

W breakout my friend. BUY

KenCarv

⋅ Jul 30, 2017 6:32 PM

@DoYouMine, where is the breakout?

Breakout has been rejected by the zone

KenCarv

⋅ Jul 30, 2017 6:34 PM

@bencarvill, breakout has been met by resistance and rejected sharply after tapping it 4-5 times - there is no breakout here mate, EMA's look like they're going to cross back over also.

Acidus

⋅ Jul 30, 2017 7:15 PM

@bencarvill, may be a good time to go long when they cross. 185 is still close!

KenCarv

⋅ Jul 30, 2017 7:16 PM

@Acidus, I'm seeing it bottoming out at either 170ish or the previous low 135ish .... I've never bought, but i'd be tempted to if it reached these prices

Acidus

⋅ Jul 30, 2017 7:18 PM

@bencarvill, I've been holding also but I don't think we'll see a bottom at 135. We can hope for the 170s again but we'll see!

KenCarv

⋅ Jul 30, 2017 7:20 PM

@Acidus, 170 is starting to look like a good entry point