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Ethereum, ETCUSD and ZECUSD looking tired

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Ethereum, ETCUSD and ZECUSD looking tired

Introduction

This article was posted on Sunday, 11:57, UTC.

In my last column I suggested that ethusd would be going higher.  If you take a look at the picture I sent in with that column, you can see that at that time, pricetime was at the high point indicated by the red arrow in the picture below. Price was above the 2nd of the 4th arc pair.  This is an excellent indication of the way markets can fool you. It becomes clear why it is important to wait for the close above resistance.  As you can see, the market reversed after the column was written, and the candle closed…

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Jim Fredrickson

Jim Fredrickson

Jim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here. If you do well as a result of suggestions made here, feel free to say thank you :) BTC: 1FUq3GB1Q8zz2JpuBr7YHzVBKnaWoxgmya Follow him on Twitter (@jimfred1276) or email him at jimfred1276 at gmail.

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