short term relief rally on Ether

Jun 29, 2018

ETH 4h: I am starting to see a three drives pattern on the 4h chart on the Ether (you can find an example here learn.tradimo.com/advanced-chart-patterns/three-drives). If this is indeed a validated Three drives pattern, expect a bounce up to the 61.8% Fibonacci retracement of the whole move lower which is at $543.5 . The trade idea is no longer valid and the stop loss has to be triggered if we trade below $389. No change in my view about a broader decline; if it happens, this is just a relief rally. #notaninvestmentadvice #pleaedoyourownresearch #mypersonalview