east-west_trading

ETH pullback buy levels

BITFINEX:ETHUSD   Ethereum
Whilst the mkt takes a breather from the rally, it's time to look at some pullback levels for the next stage of the rally. Aggressive traders may look to buy at the first retracement at $779, whilst more passive traders may wait for a deeper pullback at $739. Any longs should be stopped out on a break of the bull market break out level of $680. Some interesting topside levels are in view with a medium term downtrend line coming into view and also of big note is the 50% retracement of the move from ATH to recent lows. Any long positions should take note of these areas as potential TP zones.

Good luck

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