Ethereum has massive head and shoulders pattern forming, as well as failing to break its downtrend line in recent days of bitcoin recovery. It showed very sluggish gains before pullback from top of downtrend channel. I would look to short and re-add near 68.2 fibonnacci retracment levels near $450. May sound crazy for some but this is what chart is showing me. Long term still bullish :)
Good luck!
-Kolhaj
Good luck!
-Kolhaj
Comment:
currently in my buy zone..definitely one to watch for impulse up. really depends on what bitcoin will do at the moment. If $380 doesn't hold let's look at $300 for hard support area.
I will pick some up and go long anywhere between $380-$450, not sure exact dollar amount it will land but I think close to $400 mark.