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RE: Ethereum Bitcoin USD - Morning Update - July 19, 2017: Planning for the Next Move
Would you suggest to sell Ethereum if it hit 250 in short term?
Would you suggest to sell Ethereum if it hit 250 in short term?
256 is the most recent swing high, not quite 50% fib retracement, though logical to see some sellers. Depending where you bought, you can consider selling partial at 250 (1/4 of your holdings for example) and keep the rest for a possible move higher. At 61.8% retracement, we are looking at 300 area, which is a nice round number and potentially even more sellers. ETH seems to be recuperating, but if you see a sharp sell-off at 250 and close below 200 on the daily, that means it is lose steam and may retest 160 area again. Have a game plan and good luck!
