Ethereum - Crucial levels For both sides of the Field
Analyzing the ETH to USD pairings you will see a price retracement very close to the 0.786 from the long term trend.
The chat room is full of new short sellers determined to pull a profit from these volatile markets and as the seas are red, the herd flocks to leveraged short positions at an attempt to recoup their losses.
Nothing Goes straight down and in crypto you must expect the unexpected. This is why i am keeping a close eye on ETH here as a scenario in Green could play out creating a huge bull trap mid term.
First long target if we hold support above 320 levels will be $620.
Play cautious in this bloodbath as profits are quickly diminished with losses due to the likes of CME grouping BTC with soybean and coffee.
Basil
The chat room is full of new short sellers determined to pull a profit from these volatile markets and as the seas are red, the herd flocks to leveraged short positions at an attempt to recoup their losses.
Nothing Goes straight down and in crypto you must expect the unexpected. This is why i am keeping a close eye on ETH here as a scenario in Green could play out creating a huge bull trap mid term.
First long target if we hold support above 320 levels will be $620.
Play cautious in this bloodbath as profits are quickly diminished with losses due to the likes of CME grouping BTC with soybean and coffee.
Basil
Trade active:
5 clear Bart formations found on this leg of the downtrend.
Trade active:
T/P on the meteoric pump looking for re- entry around $370 USD for a bounce
Trade closed: stop reached:
620 target hit here. we will wait to see where the market takes us next
www.youtube.com/watch?v=NvsgWeeG...
www.youtube.com/watch?v=NvsgWeeG...
Comment:
wrong link, heres a chart:
Comment:
$780 USD would be the next port of call if Ethereum holds these $620 levels without correcting downwards.
Comment:
Not bad, $5 Dollars off target and hit $775! i sold out way too early and percentage profits were in the single figures. we live and learn. hate buying breakouts. heres a chart, looking at the black line for entry cause i ain't buying shit pumped up here regardless of CNBC Telling me too. heres a chart
