Ethereum Trade Recommendation, June 28th | Hacked: Hacking Finance
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Ethereum Trade Recommendation, June 28th

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Ethereum Trade Recommendation, June 28th

Introduction

This article was posted on Wednesday, 14:43, UTC.

Ethereum: Take Profit On Short-Term Positions near $300

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Ethereum, 4-Hour Chart Analysis

The coin has been in a strong bounce since we pointed out the climactic nature of the decline on Monday, and it’s now up by almost 50% since the bottom. Although more advance is entirely possible, we suggest taking some profits on the positions opened during the correction. The short-term downtrend is still intact, and we expect better buying opportunities to emerge before the consolidation is over.

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Feedback or Requests?

Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

Comments
  • user

    AUTHOR xuxien

    Posted on 2:58 pm June 28, 2017.

    but no signal to buy eth was given…

    • user

      AUTHOR Mate Cser

      Posted on 3:23 pm June 28, 2017.

      Hello Xuxien,
      True,and we are working on a better trade signal service, for now we try to assist investors and traders with all kinds positions while providing selected recommendations. As ETH is on a lot of reader’s radar this seems to be a good opportunity to take profits. Thanks for the feedback.

  • user

    AUTHOR alphadreams

    Posted on 3:53 pm June 28, 2017.

    Great work! I closed a solid portion while riding out some while watching channel: https://www.tradingview.com/chart/ETHUSD/g1iZi6ps-ETH/

  • user

    AUTHOR alphadreams

    Posted on 3:56 pm June 28, 2017.

    Do you commend the same for other crypto recoveries (bitcoin, litecoin, etc.)?

    • user

      AUTHOR Mate Cser

      Posted on 4:07 pm June 28, 2017.

      Hello alphadreams,
      great name 🙂 Yes, I think that a more choppy period is ahead, with probably a spike lower to get rid of the “weak hands” holding the coins.

  • user

    AUTHOR [email protected]

    Posted on 4:52 pm June 28, 2017.

    Awesome info,, straight to the point,, I truly appreciate your analysis!!

  • user

    AUTHOR muellerro

    Posted on 5:25 pm June 28, 2017.

    thanks @Mate Cser, great advise that just secured a lifetime membership for hacked.com 😉
    Anyway, can you make some kind of assumption for how long this correction will go on? Are there already any signals available from your point of view?

  • user

    AUTHOR cryptopalevu

    Posted on 11:05 pm June 28, 2017.

    Hi @MateCser … up to $320, still feeling confident that ETH will dip down again? Or does your rec still stand? Thank you.

    • user

      AUTHOR Mate Cser

      Posted on 11:23 pm June 28, 2017.

      Hi Cryptopavu, yes, I still think we will have better entry points as short-term we are stretched. Will keep you updated.

  • user

    AUTHOR tmjaswani

    Posted on 5:57 am June 29, 2017.

    Hi Mate..took your call and closed a position at $297..now its at $320 ..fingers crossed!!

  • user

    AUTHOR [email protected]

    Posted on 9:15 pm June 29, 2017.

    Thank you, Mate for your recommendation. We sold it at 0,123 BTC. What entry points should we expect in BTC pair? Thanks!

  • View Comments (12) ...
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