WizardOfRealms

Current outlook is still the same for ETHEREUM

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
Current outlook is still the same for ETHEREUM.

After a long uptrend, you finally see exhaustion and the PONZI comes back down.
I believe we are seeing what played out back in January - March of 2018.

We are currently in a down trend.
I am in cash awaiting my buy-in at $165.00

Watching the trend lines carefully.
I believe the blue line has to cross down below the black line further...

My formula for the past 3 drops puts this at $162 hence my $165.

I am not a day trader and thus I get better rest at night.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.