ETH-USD
ETH/USD Short?Downtrend Fibonacci's:
Yellow Fib: Resistance Zone to R/S Zone
Blue Fib: Resistance Zone to Support Zone
Uptrend Fibonacci's:
Red Fib: R/S Zone to Resistance Zone
Cyan Fib: Support Zone to Resistance Zone
Analysis:
I think ETH will lose its steam soon. In my eyes, price is currently testing the R/S Zone. The previous high wasn't broken. I believe price will reach the 61.80 to 100% on the Yellow Fib. If lucky, price will proceed to the 61.80/100% marks on the Blue Fib.
I sold because price hit the 61.80/100% zones on both the cyan and the red Fib. Usually price either hits the 61.80 - 100% and retraces the previous trend. On the red Fib, price hit 100% and since it hit, price has been testing the support. I got in a little late but I have a good feeling about this.
Strike Prices:
(1324 - 1045)
ETH-USD Miningmin short target 15-16 JanIt seems we have come to the end, I would not try to KRAKEN:ETHUSD make sharp movements now and see where the further trade will turn, if we leave the resistance band, we can still go to the top, but at the moment it seems obvious to trade down, I made a fix for myself in around $ 1090, I think that soon we will go down by at least $ 100