EthereumShort
Eth is a sell, clearly.
No reason to be buying ethereum here, as the primary uptrend since December 2018 ~ June 2019 have just been broken.
If you're in for the long term, you can always wait for it to break above 200/50 daily moving average and buy the re-test. It might be months away... your capital could have been better deployed elsewhere instead of hopium.
There might be a sucker bounce to re-test $200, dont be trapped! :D
- Below 200/50 daily moving average
- $200 resistance level
- Consolidating for the next move down
- Bitcoin block halving in the fall of 2020
If you're in for the long term, you can always wait for it to break above 200/50 daily moving average and buy the re-test. It might be months away... your capital could have been better deployed elsewhere instead of hopium.
There might be a sucker bounce to re-test $200, dont be trapped! :D
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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.