While I remain bullish on ETH and have been waiting for a good re-entry point which I initially had at $850, we need to consider the bleeding market at the moment.
If we break the dotted trend line and find no support on the 100 day MA at around $812, my feeling is we may find support at Support 1 and worst case Support 2.
For now I have moved a percentage of my buy to $820 and will watch what happens at that level.
Good Luck!
If we break the dotted trend line and find no support on the 100 day MA at around $812, my feeling is we may find support at Support 1 and worst case Support 2.
For now I have moved a percentage of my buy to $820 and will watch what happens at that level.
Good Luck!
Note
As mentioned the dotted trend line was broken and we have found some support between 1 and 2 for now.Note
Strong bounce off the 200 SMATrade closed: stop reached
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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.