ETH Short to $120 for KRAKEN:ETHUSD by TradingHypothesis

supportandresistance eth ethusd ethereum

Everyone expects $200-250 ETH and BTC to 6500

Maybe

However, if BTC breaks down, I'm looking for $120 ETH

Comment:

ETH dumped with BTC, and have been recovering

BTC is now at 55xx in the wake of Tether/Bitfinex

ETH's next move depends wholly on BTC

Some profit was taken on this short around $150, stops moved to B/E

Let's see how this progresses

Comment:

Stopped out at B/E for remainder (took further profit below B/E)

Trade complete

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.