Summary discounts

Since 2012 when altcoins came on the scene I have always been very bearish. One of my catch phrases related to Litecoin is that my long term target has been, is, and will always be $0.00. Ethereum has been talked up to me by other traders and I've kept an eye on it for a few months now. I've rendered one-on-one advice here and there what the charts tell me and the answer has always been bullish despite my personal fundamental reservations.

Following the "hack" news price came down to a major support and I am impressed with it's resiliency. So long as it holds 10.92 this altcoin remains, despite my trepidation, bullish. In nay-saying this altcoin I've forgotten one of the key tenants of economics; price is whatever people think it is.

Trade closed: target reached:

ETHUSD hit resistance at 15.8