CM_Trades

ETH getting very close to BUY ZONE!

COINBASE:ETHUSD   Ethereum
  • Ethereum finally broke the support zone it was holding despite the crash in BTC
  • Once price breached the lows, we saw a cascade of sell orders/stop-loss get triggered causing a quick drop to the $130s
  • EMAs continue to fall sharply with price
  • We are near the support OB below at around $95 but we bounced at the low of the previous drop back in August 2017
  • Whether we bounce strongly from here or make one last swoosh lower has yet to be seen but a nice squeeze could be on the cards

Thanks guys!

Penafian

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