Ethereum Daily Dose 3/21/19

As I’ve written in my previous posts, I was waiting to re-long Ethereum at $135 and today’s small dump hit $135 to the penny. It’s actually rare that price action lands on .00 but I’ll take it. The last pump led us to $170.00 too so that’s always interesting to see. I am currently long in at $135 and although I did not post this yesterday, I actually closed out at $142 and shorted from $142 to $135 so collected some profit there. My current position is at $135.50 but I am not expecting this to hold. The bounce at $135 was not the bounce I was hoping for so my stop loss is .0038% at $134.99. My price target is $150, but if support breaks I am looking to re-long somewhere between $117-$120 although the confluence is not as strong. What I am looking for is some bullish divergence and weaker volume with every impulse move down if there is one. A macro trend line rests around $120-$122 but the 61.8% Fibonacci level is at $116. I am going to be patient and wait for more price action before I have a clearer picture.