trissjacob

ETH/USD | Below Ichi Moku Cloud and 50% Fib

Short
BITFINEX:ETHUSD   Ethereum
Please check the attached chart image here.

My last week's bearish idea for ETH/USD materialized and now, for the first time, it closed below 50% fib and trading below the green cloud.

We might see this hit 776 but until then, stay disciplined and always follow your stops.

Verdict: Do not even think of going long unless you know what you're doing. The bears are here to stay.

Note: PlusCoin ($PLC) - A decentralized cashback platform on the Ethereum blockchain. To know more, follow PlusCoin's blog.
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