ETHEUR near term short targets
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Just some help for identifying potential near-term short targets for ETHEUR.
We are currently bouncing from previous swing low but the trend is down.
After such a crazy ride in May-June with all the ICO suicide bombing hype, we should keep short targets in mind and be ready to long again only when we have a proper bottom.
Most likely we will follow the "pink" path, with the possibility of the yellow alternative. Deepest target is at the the bottom of the red arrow.
Enjoy the ride guys.
An please, be kind, first published chart ever :)
We are currently bouncing from previous swing low but the trend is down.
After such a crazy ride in May-June with all the ICO suicide bombing hype, we should keep short targets in mind and be ready to long again only when we have a proper bottom.
Most likely we will follow the "pink" path, with the possibility of the yellow alternative. Deepest target is at the the bottom of the red arrow.
Enjoy the ride guys.
An please, be kind, first published chart ever :)
Nota
I definitely need to work on the presentation, this is ugly.Nota
Nota
Those two price boxes are my extreme targets. However, the most probable target for now is around 140eur IMO, at the 61 fib retracement.
We'll see after if we can reload shorts to target around 85eur, at the OTE zone.
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