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Coin Calls: ETH Down Time

ETH, still some time to go down falling Bitcoin Drop

 

ETH is positively correlated to Bitcoin, as a result, the Bitcoin drop on Tuesday that saw 7.5% wipe off, has led to Ethereum to see consecutive red days. 

This saw ETH drop by close to 3% averagely everyday, last week we saw $480, today, we see $420. 

The recent drop and short term, temporary bounce is what is known as a dead cat bounce. 

This gives us some time to get in a further short as Nouvive recommends yet again. 

ETH will surpass and drop lower than the late June lows of $408, seeing the April Lows of $320, before setting its heights on $840. 

Enter Short 50%: $422

Enter Short 50%: $424

Take Profit 100%: $353

Profit: 12.5% Unleveraged. 

Stop Loss: $436

Risk: 12%

Time Line: 3 Weeks

 

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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ViFeed Indicators

Bitcoin (BTC)
$3254.45
46.00 RSI
0.30%
Hold
XRP (XRP)
$0.29
49.00 RSI
-1.13%
Hold
Ethereum (ETH)
$84.79
53.00 RSI
0.47%
Hold
Tether (USDT)
$1.01
45.00 RSI
0.23%
Hold
Stellar (XLM)
$0.1
56.00 RSI
-1.21%
Hold
EOS (EOS)
$1.9
43.00 RSI
4.39%
Buy
Litecoin (LTC)
$23.91
47.00 RSI
2.42%
Hold
Bitcoin Cash (BCH)
$78.34
40.00 RSI
-2.04%
Buy
Bitcoin SV (BSV)
$67.19
58.00 RSI
-5.98%
Hold
TRON (TRX)
$0.01
38.00 RSI
0.57%
Buy
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