Ethereum call

in #ethereum7 years ago (edited)

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We hit the famous 9 in the recent rally, and now have a 1-sell after what looks like some kind of top. Appears to be a massive sell on the RSI below also.

So I think this can drop like 90 dollars. The trade I'm going to make is a short, with a stop just over the top blue line.

If it hits the bottom line then it will be the end of a successful trade!

This is still bullish on the weekly in my opinion, and retesting that bottom line will not change that.

A zoom out on the chart

I think this wants to rehit the bottom of the channel.

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