ETH from bull to bear again, looks like a drop to 680 support

14 thg 5, 2018

A few days ago i posted a nice Long trade on ETH, the targets were perfectly reached. So far that move seems to be a temp correction up inside this downtrend. In my previous analysis i posted a the levels to watch were around 715 and 740. We dropped below the 715 quite fast and it looks like it dropped below the rising trend line and it has only been testing it as a resistance. This suggest that the price will make another dive to at least 680 but will probably drop towards the 600 if that support breaks as well. A stop around 720 would be a good price to place a stop

14 thg 5, 2018

Ghi chú

Previous analysis of ETH

14 thg 5, 2018

Ghi chú

Almost same story here as with NEO, looked like a perfect trade, went down 20 points very quickly but the squeeze pushed it back up again. ETH is NOT as weak as NEO or XMR. This one looks stronger than than those two lately. The 680 support held perfectly for the bulls and so far it seems to be making a strong bull flag. But watch out, almost the same happened a few days ago when the 740 was to heavy. But this attempt does look stronger so chances are bigger the 740 will break.