Ethereum continues its sad painful bleed to the downside! But…if you were reading our charts we called for a short set up two days ago.
Which played out perfectly, we reached all 3 desired targets and as usual surpassed my final target. Is it time to go long? That has been the main question around the cryptosphere and quite frankly I do not think so just yet, although we are nearing the end of this bleed (bull move won’t be sustained). We may have room for one more play south.