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
Time Line: 3 Weeks
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