ETHXBT: Potential trend reversal
Updated
As you know, we have been buying ETH in the past few days, and now we have good evidence that a bottom is in place. Longer term charts are showing that we need to hit 0.007297 to confirm bearish momentum. The gist is this needs to happen during December and January, which I don't think will happen at all.
Good luck if holdings,
Cheers.
Ivan Labrie
Good luck if holdings,
Cheers.
Ivan Labrie
Note
Note
Still under the channel top, but it looks like price is coiling to break out.Note
If it doesn't hold above this level, and eventually break the channel resistance, we will have to exit. Watching it and holding for now, I bought between 6.5 and 8 euros.Note
There's some buying pressure here, but we still face resistance from the channel, keep an eye on it to add to ETH longs on the breakout.Trade closed manually
We could never break the resistance, so the downtrend continues.
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