JustinSchapansky

ETH - 1/28/2019 and Fib Levels

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
Ethereum is currently staying in the red on the consolidation thus far from 1/28/2019. As long as ETH stays below $106, I will probably maintain the Short from yesterday. If ETH crosses and holds above the $106 current resistance Fib Level, it could gain support and present a short term long opportunity. Overall, I say ETH will come down to $83 as it did not hold support at the $116 level as shown on my prior chart and primary reason for sell (short) yesterday. Alot will depend on BTC / XBT movement also so keep your eye on Bitcoin also.

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