ETH further downhill - LOW 300 targets
Updated
In correlation to Bitcoin -> Ethereum shows higher performance to the downside.
Based on my strategy there is no reason to hold ETH right now. There is no clear downside target and there is no single Buy Signal since mid january 2018.
Macroview:
If Bitcoin is testing its lows -> Ethereum has a high potential to drop -38% (or even more) in value and testing the very strong support area at 300-350USD range.
I would not recommend any trades on Ethereum (no margin) and holding Fiat is the most safe option in this current situation.
When is a good time to jump back in ?
Well. I have a strat that tells me this. : Identifying a bottom and/or Enter Market only on the next bullish breakout momentum!
Prefered scenario -> "Strong meltdown to the downside followed by a strong bounce followed by a contraction in price with breakup to the upside!" (in correlation to BTC!)
DO NOT CATCH A FALLING KNIFE
We Wait for structure.
Based on my strategy there is no reason to hold ETH right now. There is no clear downside target and there is no single Buy Signal since mid january 2018.
Macroview:
If Bitcoin is testing its lows -> Ethereum has a high potential to drop -38% (or even more) in value and testing the very strong support area at 300-350USD range.
I would not recommend any trades on Ethereum (no margin) and holding Fiat is the most safe option in this current situation.
When is a good time to jump back in ?
Well. I have a strat that tells me this. : Identifying a bottom and/or Enter Market only on the next bullish breakout momentum!
Prefered scenario -> "Strong meltdown to the downside followed by a strong bounce followed by a contraction in price with breakup to the upside!" (in correlation to BTC!)
DO NOT CATCH A FALLING KNIFE
We Wait for structure.
Trade active
Possible dead cat bounce from here soon .Trade closed manually
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