SHORT ETHBTC through thin trading zone

22 Agu 2017

Looks like a nice set up for a quick short trade via ETHBTC. RSI / DI+ are trending downwards while DI- is rising and about to overtake DI+. We can see an area that looks like a thinly traded price zone, where price moves quickly through this particular price range. Everything looks like it's pointing down and with a meager effort off the thin zone support, I expect it to break. This trade can be a quick scalp, or if your more bearish on ETH (I sorta am right now) you could open this as a swing position and see where it goes over the next few days/weeks. I'm still long LTC as well as a side note. Good luck.