ETH Outlook 05.09.2018
Sadly I was busy in the last days so I couldn't post regularily.
In my last post i wrote:
We didn't see any strong upmove. Instead it seems to be formed a small shs in the hourly Chart (altough in such a circumstance it shouldn't be overvalued).
So far 280 seems to be the make or break level. If it breaks 250 could be seen fast. So far this situation must be seen as the more possible one.
Indeed ETH didn't showed much strength and fell today even below the level of 250. Although the trade idea failed since the sl was to close.
Todays Outlook:
It still Looks weak and it seems as the next target is 200.
Alternatively a fast upmove above 260 could bring first signs of a bottom.
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