Approaching MAJOR Support Levels on ETHUSD!!!

8 Eyl 2018

We have retraced almost 100% of the huge up move we had last summer(2017) until January(2018). There are two MAJOR support levels left on ETH ( light blue horizontal boxes on chart ). Starting to accumulate VERY low leverage longs here could be a good play. Make sure the risk to reward is at least 2:1. Also at TP1 close 33-50% of you position and move stop to break even. Good luck everyone! We are in a down trend so accumulating longs can be risky here since its counter trend but since we are near these key support levels it is time to start looking for reversal patterns around these levels.