Short

ETHUSD Possible Fake Out?

Updated

ETHUSD Looks like it may be breaking a daily down-trend from the 6th, however the break is on low volume. This could be the start of a new bullish trend but will need volume to confirm.

Note

Confirmed break of short term down trend on slightly increased volume. Bullish sentiment would increase with a break of 740 with significant volume. At that point i would expect a retest of the previous high around 840. If 740 fails, we go down to retest medium term support (trend line starting 2018-04-13)

Note

Note

Bounced off medium support line. Look for a break of this line to add to shorts

Note

The low volume fake-out has been confirmed. we dropped back though our major down trend line. Price currently sitting 640 support. I expect this will break and fall to the next support level at 600

daneski

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