ETH has run out of steam after the big pump up during March. Direction has now switched and the daily SAR's are broken. The next points of resistance are as follows.
Note
Ready for the next leg down.Note
First target hit pretty much perfectly. We are expecting this decline to follow a similar pattern to the way Dash has crashed.Note
I have closed my short on this trade around 42-43 and subsequently longed at that point. I think Ethereum will pump again while Bitcoin goes through a downtrend over the next week.Trade closed: target reached
Trade active
Short from 45-46.
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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.