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tradingtomnl
Jun 12, 2018 11:09 AM

Ethereum is ready to go up again! Long

Ethereum / DollarBitfinex

Description

As we can see Ethereum, ETHUSD, found support on the black trendline i've drawn. This is te second time in a short period it retests this trend line, double bottom. So If the downtrend will be rejected again we will go up again. If we break the huge wedge wich is building since the beginning of 2018 we could fly up to our first target: 1000. After that we could go down because of the psychological support/resistance there. Short after we could go much higher.

If we go further down we will first see 466 (see Fibo).

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Comments
Sparky123
Did you buy the dip?
tradingtomnl
@Sparky123, We hit 466 and even a bit lower than that. But now we have to wait for a reverse signal. If we don't have a reverse signal we could drop down to the grey line I've drawn somwhere around 380,-.
Ronnie_Dong
I like your chart,
wish u can Follow me.
and you can refer to my publish.
We can do more discussion.
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