ETH may re-test recent lows

5 thg 12, 2017

ETHUSD might retest the lows if it breaks the support level of ~$450.

As we saw, it tried to break support multiple times in past few days and not successful. The triangles do suggest a movement. Assuming it follows the trend line in dark green there is a downward movement as noted yesterday.

Looking for an entry point around ~$402.. if not, ~$420.

6 thg 12, 2017

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It actually did follow the trendline. But, with BTCUSD price going past ~12K, I m surprised to see hot ETH hold on to its levels. If traders try to sell some positions in BTCUSD, ETH should be back up to $460 levels. But the recent downtrend might continue.

6 thg 12, 2017

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Following the trend line as anticipated. Now, its time to test $402.

7 thg 12, 2017

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Bought some position at $420. Next entry at $402 and close.