Crypto Analysis Report 8-3-18 Ethereum…Setting Up For A Bear Trap At $345

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·@rollandthomas·
0.000 HBD
Crypto Analysis Report 8-3-18 Ethereum…Setting Up For A Bear Trap At $345
<center>![Avatar Trade2.JPG](https://steemitimages.com/DQmdYS9kddtwL5FdPXagGGEyvphp6Tjki6kag7Z5iPUvMWZ/Avatar%20Trade2.JPG)</center>

 Wow, it has been over two months since I last spoke about Ethereum,

 <center>[Crypto Analysis Report 5-6-18 Ethereum...Several Set-Ups That Would Of Gotten You In The Ethereum Long]( https://steemit.com/bitcoin/@rollandthomas/crypto-analysis-report-5-6-18-ethereum-several-set-ups-that-would-of-gotten-you-in-the-ethereum-long)</center>

However, on 3/7, I posted a projected price path for Ethereum as price was making its way to the weekly demand zone at $425.

 ![](https://cdn.steemitimages.com/DQmNWChCnno5iasoUKvbexvwgWV9P5RA2uWq2NqVV35U4rM/image.png)

 On 4/11, I posted that the floor was in for Ethereum at $350 and offered two buy trade set-ups (one of them is below).

 ![](https://cdn.steemitimages.com/DQmSWkxouxRQ9i3EVwnp6ubNpJiKM6zYrgqV6iGfwytm2zq/image.png)

Price never made it to my original $1200 price target (at least not yet) and the sellers took over near the $885 level.  Price eventually fell back down to the $450 level and has been in a range since late June.  

However, the chart is setting up quite nicely for a bear trap.  Back in April when price bottomed, the level at $350 was the origin of a strong move that took price all the way up to $800.  The chart suggests there all more buyers right below the $350 level.   Thus, if price breaks out of the range to the downside, look for the buyers to step in at $345.

![](https://cdn.steemitimages.com/DQmWTXXH7TqVpffG7STyu6tsQGhMwnKgy55rhXQFwcAFBjx/image.png)

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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