ETH/USD Idea - Short with a tight stop (I don't see it holding)

Short

Ethereum (BITTREX:ETHUSD)

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BITTREX:ETHUSD Ethereum

supportandresistance ethusd ethusdshort ethereum

Looking at ETH/USD I am not sure about this support level. I feel more downside is likely and the next level down provides a more convincing spot to build a base of support.

I would be tempted to short with a tight stop at this juncture.

Commentaire:

INVALIDATION

Relief rally went to the resistance and invalidated this idea.

Commentaire:

I was correct on this one, just not on the timing.

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