Ethereum Daily Dose 3/18/19
After taking profit at $147 my position entry actually lowered to about $116. Because of that I am pretty comfortable and will not make any buys until ETH reaches $134-$136. I am expecting a bounce there on a micro scale with possible tests at $126 and $120. The absolute last opportunity to find a scalp is between $113-$117. I’ve shown with the red arrows in the graph, possible scenarios for ETH’s price movement as of today. I am prepared for all of them with my low entry so my strategy is to play a bit riskier than normal. Because I expect a bounce at where my entry is I am going to let this position ride. I do expect some ranging price action once we reach the $150-$155 area. I don’t believe that ETH will shoot past that price level. The goal here is to find some scalps before major moves. I am not bearish until a break of $113 happens so there’s still some breathing room.
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