According to my previous analysis, I thought the bottom would stand around 180$ or maybe 155$. But this was without counting the SARS-CoV-2 fear. Now that it's done, I wouldn't be surprise if the weekly market closes on triangle's bottom but even with that shoots again under it next week.
I decided not to enter the market today, even if it is already very cheap crypto we can buy now. I decided to put a call around 80-90$ on ETH. I still think it is possible, and I hope it will come, that a new low comes again down there. Of course I'll keep an eye on it and if the 4h price breaks EMA 9 (which is strongly resisting for now) then I'll reconsider my strategy.
Posted via Steemleo