ETHUSD Possible Fake Out?

20 May 2018

ETHUSD Looks like it may be breaking a daily down-trend from the 6th, however the break is on low volume. This could be the start of a new bullish trend but will need volume to confirm.

21 May 2018

Yorum

Confirmed break of short term down trend on slightly increased volume. Bullish sentiment would increase with a break of 740 with significant volume. At that point i would expect a retest of the previous high around 840. If 740 fails, we go down to retest medium term support (trend line starting 2018-04-13)

21 May 2018

Yorum

22 May 2018

Yorum

Bounced off medium support line. Look for a break of this line to add to shorts

23 May 2018

Yorum

The low volume fake-out has been confirmed. we dropped back though our major down trend line. Price currently sitting 640 support. I expect this will break and fall to the next support level at 600