waverider78

Ethereum Update

Short
BITFINEX:ETHUSD   Ethereum
Since ETH/USD ran from 177.50 to a high of 258 (45.4%), I expect today to be a digestion day, most likely trending lower to test S1 around 190-210. If it can hold the 200 area, I think we will see more upside very soon. Nonetheless, a break below 200 will test S2 area around 160-180. Even still, the trend reversal has happened, but it needs to hold 160 at the lowest, which I do not think it would happen today.

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