Ethereum could plunge right through the 200s

Jun 25, 2017

Ethereum had several chances to have a bullish continuation of the last dump but failed all of them (as you can see in my other chart that was bullish on Ethereum). Now, it had 2 pennants and a medium term pitchfork - all of which have been broken downwards. We could potentially see Ethereum plunge straight through the 200s now.

Entry - $275-325
Target - $175-225
Stop loss - $301

Good luck!

Jun 25, 2017

Note

Well this is going quickly.

Jun 26, 2017

Trade active

We're now in the target zone. Take profits wherever you see fit.

Jun 26, 2017

Note

Jun 26, 2017

Trade closed manually

I bought back in at $222 after it started showing some strong signs of recovery (namely 2H hammer candles).