ETHEUR: Go long at market

I think ETH has fallen enough here. The euro value of it will turn around, since it has hit the levels associated with the Bitfinex hack.
If it doesn't go to 5.96710 within the next 2 months, we could see a monthly scale rally in it, probably due to a change in fundamentals.

It's good to see buyers step in here, so, it only takes an increase in activity, and some fundamental news to stage a rally. It's oversold enough, potentially. If you want to buy, you can risk a drop to 5.9671 and enter a 0.5-1% risk long here. Weekly charts show an uptrend, so on any new weekly high, we could see a rally take off.

Good luck,

Ivan Labrie.

ความคิดเห็น:

I like how it's acting here, holding at the top of the range since the low. Let's hope it stays this way, and progresses higher.

ความคิดเห็น:

If ETH closes with the high like this, I fear it'll continue the downward spiral
s3.amazonaws.com/tra...shots/x/Xm6DNPLv.png

Watch today's close, if the high isn't above the key level above, sell and maybe sell short.

ปิดการเทรด ด้วยตนเอง:

Looks bad, big range decline, sell, or even sell short. I'd rather not, due to low liquidity. A shame but we have to exit.

ความคิดเห็น:

Yep, still dead.

ความคิดเห็น:

Finex hack low hit, let's wait to see if it holds here for 3 1h bars and then we can buy a small position...or we wait for 5 days without a new low alternatively if more conservative.

ความคิดเห็น:

This could be the bottom in it, buying a position here gradually seems smart. Split your entry over a week. Buy at the close of each day, risk is 1.90 euros per coin, factor in risking between 0.5 and 3% max on the whole position.

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