Short

Quick Ethereum Short

Updated

What goes up too quickly must come down. Even if only temporarily. Worst case is it remains consistent for a little while. I think the trade volume on the up trends gives that away.

Trade closed: stop reached

Trade closed: target reached

I switched my trend line from a 77day MA to a 14 day MA for this updated chart. Ethereum definitely hit the consolidation channel I was preparing for and has shown crazy support for the $250-$260 floor over the last 21 days, regardless of the behavior of the market. I'm glad I sold at a huge majority of my ETH at $320. With the charts looking this stable, I recommend looking to reliable information sources for further predictions on Ethereums future price.

jaronfitz

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