Hope you bought that 580, b/c we should retest the 615-620 area, based on the bounce of the upper down trend pitchfork.
We fail there again, and I'll dump it looking for better entry. However, I still have the long basis on a move up to test 700, and I am long from ~568 waiting it out.
Follow Sherem if you want more detailed analysis on what I am thinking. He and I have had the same opinion and strategy on ETH since dropped to 360.
good luck to all.
We fail there again, and I'll dump it looking for better entry. However, I still have the long basis on a move up to test 700, and I am long from ~568 waiting it out.
Follow Sherem if you want more detailed analysis on what I am thinking. He and I have had the same opinion and strategy on ETH since dropped to 360.
good luck to all.
Comment:
upper line of the down trend pitchfork it should say.
Comment:
to the 89 who viewed...hope you bought already. If I wasn't long already...I'd be crazy enough to throw a small position long ahead of 600 here with a stop at 575-580. In case, and got to sleep. We'll be testing 700 before sunday is over GMT -5. 4:1 risk reward is about the last chance I'd get in at.
best of luck.
best of luck.
Comment:
hope some of you are watching the bid offer action right now. Big offers walk it down, then large buys swiping hundreds of tokens at a time, below the original offer that triggered the stops...looks like accumulating smaller stop losses in the book...transparency has its price, lol. I am not an expert though, just offering what I see in the price pattern. watch the volume on the prints.
Comment:
overnight was a littel scarier than expected...be ready to bail today break down is not out of the question here. However, the 4h is starting to turn and the 1d is tracking this 580 support area quite well. I'm holding and will go break even to slight loss for a lower entry if it breaks down. best of luck
