rony.kris

Bearish move - short

Short
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Ether is currently trading in a well formed rising wedge . This is an indication of a bearish move and there are possibilities it may breach the bottom trend line (orange). If it breaches it then it will find support at fib level 0.618 (~$693). 2nd support could be found at fib level 0.5 (~$676).

These support levels could be possible reversal zones for Eth (The zones are marked in Blue in the graph). So, watch out.

Please feel free to revert with your feedback. Thank you!
Comment: Miss-calculation. The ticker went the other way.