sumastardon

ETHUSD Raise stops on longs

sumastardon Updated   
BITFINEX:ETHUSD   Ethereum
ETHUSD
A fantastic run by ETH - was up 100% in 30 days. Correction
now needed: up nearly 150% in 31 days.
Could be running out of gas in near term though. Raise stops
on longs to 720 to trap most of run if it falls away to
consolidate from here
Comment:
ETHUSD
If you were stopped out, well done. Right decision here.
Sometimes it isn't. Ideally ETH will fall away further to 650-
649 soon or to the dynamic support around 654 a little later
on. Look to pick up here if we see it with stops under the
dynamic and ideally under 647 by a couple/3 points.

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