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 ($PLC) - A decentralized cashback platform on the Ethereum blockchain. To know more, follow PlusCoin's blog.
My last week's bearish idea for ETH/USD materialized and now, for the first time, it closed below 50% fib and trading below the green cloud.
We might see this hit 776 but until then, stay disciplined and always follow your stops.
Verdict: Do not even think of going long unless you know what you're doing. The bears are here to stay.
Note: PlusCoin ($PLC) - A decentralized cashback platform on the Ethereum blockchain. To know more, follow PlusCoin's blog.
