EthereumShort
Back to the future?
Updated
Fib levels and circles here show a potential retrace to earlier support at $215, less structural support seems to stand in the way at this point.
ETH is a hot iron due to issues of recent ICO craze induced network congestion, and Coinbase price plummeting briefly but extremely (to $13 from memory, great if you had a fishing line out ;).
This spook reverberates through investor's brains at this point it appears. Fair enough.
I'm reluctant to touch it if I can't hover over it like a hawk.
No trading advice, deploy due diligence in research.
In any event, happy trading.
ETH is a hot iron due to issues of recent ICO craze induced network congestion, and Coinbase price plummeting briefly but extremely (to $13 from memory, great if you had a fishing line out ;).
This spook reverberates through investor's brains at this point it appears. Fair enough.
I'm reluctant to touch it if I can't hover over it like a hawk.
No trading advice, deploy due diligence in research.
In any event, happy trading.
Note
and by the way, thanks to @ProwdClown for his epic work on GodMode. I hope your mining room turns out the way you want it, mate. You're being missed ;)Note
Interesting to see that the bounce back from $215 works out reasonably well until it hits the 161.8 fib circle extension AND dropping trendline.
Note how the price rebounds towards the downwards trendline virtually to the point, coincides with the 161.8 fib circle, and BAM, good bye Monaco!
Note
5m TI close up...
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.