Renkotrade

ETHUSD SHORT 1 HR

Short
BITSTAMP:ETHUSD   Ethereum
Hello to all watching my charts.

Here is my update from ETH Ethereum / USD

Today it broke the low at 265.70 and made no new highs.

So we have now lower lows and lower highs which is
clear indication of a downtrend.

Long is gone AND we have a complete new situation
with the new short channel.

How far can this trade go ?

Always a difficult question.

As you know i hate support and resistance lines
cause in most cases they dont work,
but to give you some advice :

The next bigger support in my eyes is around 253,39 which has
been old resistance (7.6.) and also support (14.6.)

Good trades

Renkotrade

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