Ethereum trading cryptocurrency market update for Jun 4, 2019

Jun 5, 2019 --- Altcoins

Ethereum trading cryptocurrency market update for Jun 4, 2019

Daily Chart

Ethereum v’s Bitcoin chart moved slightly higher over the past 24 hours but was quickly smacked back down to the 0.0xx level where price now resides, action which has sparked another neutral SCMR signal but on a bearish candle formation while price continues to get squeezed by the moving averages, the Ichimoku Cloud, and the upper demand area, all confirming our forecast from yesterday for more consolidation over the course of this week (likely between 0.0xx - 0.0xx).

Short term Members ProTrade - We will consider a small LONG position on a retracement back down to the 0.0xx - 0.0xx area with a stop around 0.0xx and a target of 0.0xx.

Medium-term Members ProTrade - We will consider a LONG position on a selloff down to the 0.0xx - 0.0xx area with a stop around 0.0xx and a target of 0.0xx.

Long term Members ProTrade  We will consider a LONG position on a move down to the 0.0xx - 0.0xx area with a stop around 0.00xx and a target of 0.xx.

 

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