ETH is still bullish, but one should be cautious
Now might be a good time to start laddering in till about $200 where the golden ratio lies. However, if the price continues to decline it may be wise to abandon altogether. If one prefers to play it safe, it may be better to wait for the dust to settle first.
Trade active
Note
Lower part of the triangle acting as resistance.
Note
Edit: *Support not resistance. If someone knows if comments can be edited in future please let me know. Otherwise I will simply correct them like this.
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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.