ETH Potential Areas for Bounces - Long Term target around $80-90

19 janv. 2019

Volume for ETH has been heavily declining even though price has been making some nice single digit swings in this bearish pennant. We can see there are alot of areas to profit with these swing targets as we get back down to the $80 level. There are some solid confluence zones that makes me believe we will get back to test the $82-$90 dollar ranges. Current 4hr. pennant target perfectly aligns to a 100% retracement of ETH's major move over the last weeks. I believe that will be a great buy for a solid bounce. However, that does not mean we will be finished going down further. We will wait and see based on how the volume and market reacts. These are just my thoughts and any trades I enter, I always make sure the indicators, volume, and price action align.