aboveandphom

ETH Daily Dose 3/19/19

BITFINEX:ETHUSD   Ethereum
ETH has also considered another day of range but a drop is to happen sooner rather than later. I am expecting ETH to drop to at least $136 by end of tomorrow, Wednesday the 20th. I still have my long position at $116 and will not take profit if we do drop. I intent to long at $135 still. A strong bounce off of the 38.2% Fibonacci level of $136 will indicate to me that we are almost definitely in a Wyckoff re-accumulation phase which is great for the bulls. Even so, I will probably close out most of my long position at $150. Not much has changed since yesterday, so I will revisit the charts tomorrow and update.

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