allstarfx

ETH seems to like the downside

Short
BITFINEX:ETHUSD   Ethereum
Ethereum is on a bigger timeframe downtrend. At the moment it is getting rejected by a fibo 50% and a trendline. If it does nit make a big moove up and break the zone and the trendline it looks like a really nice short position. Im expecting the price to reach 454.4 or maybe eaven 378.8.
Be patient wait for the pair to be clearly rejected and make a bigger downmoove before entering the sell position.
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