Ethereum

ETHEREUM SHORT

298
We have reached overbought levels, and are nearing the top of the Bollinger bands indicator. Every time this has happened in the past Ethereum has always went down a few hundred and even a couple thousand. I'm expecting Ethereum to drop to 2333, if it breaks 2333 it could go lower, possibly even to it's 1700$ support.

TRADE-SETUP:
(Short Ethereum down to 2335, wait for a confirmation break and then short Ethereum down to 1800$.
If there is no confirmation that it broke it's support level, then take profits)

*SUPPORT AND RESISTENCE BASED OFF OF FIBONACCI RETRACEMENT AS SHOWN ON CHART*

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