This ETH trend line is holding up. Once we break this trendline and $700 area as support we can expect a move down to 600.
At 600 I will be playing a bounce play. Key, word, bounce play. I will be looking for a move back up to 650-700.
At 600 we have:
key support
EMA's and MA's converging,
50 FIB
we should get some support from there.
This will probably take a few days to manifest, but we should get a solid bounce if we get there.
Happy Trading,
Sherem
Last call we made money on -
At 600 I will be playing a bounce play. Key, word, bounce play. I will be looking for a move back up to 650-700.
At 600 we have:
key support
EMA's and MA's converging,
50 FIB
we should get some support from there.
This will probably take a few days to manifest, but we should get a solid bounce if we get there.
Happy Trading,
Sherem
Last call we made money on -

Note
And as always if you like this idea, let me know!Note
Still waiting for 600. to much risk right now to enter. My buy will be just above 600 right around 605-610.This thing is going to bounce around this 700 area, don't be surprised if we go up around 700-710. before moving down again
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.