ETHUSD - Dead cat bounce or recovery ?

! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run.

Ethereum suffered the same fate as BTC. While all the attention is being drawn towards Dogecoin and the Hashrate drop, the King altcoin got a dump - Optimistically you can say that it backtested the broken ascending triangle in a "healthy" pullback.

The best thing for the bulls is to hold a range and defend these key levels, then slowly let the bears forget about this weekend. Bulls need to bring the dead cat back into life.

Ether needs to hold 2049, (last support 1940),


ps: I had pre orders set that got fulfilled (see my last review) and I am waiting for the price to move, if it goes against my long I am ready to close at breakeven.

#ethereum #ethusd #btc # bitcoin #technicalanalysis #chart # trading #idea