<center>![Avatar Trade2.JPG](https://steemitimages.com/DQmdYS9kddtwL5FdPXagGGEyvphp6Tjki6kag7Z5iPUvMWZ/Avatar%20Trade2.JPG)</center>

I last spoke about Ethereum about three weeks ago, unfortunately, the bear trap didn't work. 

<center>[Crypto Analysis Report 8-3-18 Ethereum…Setting Up For A Bear Trap At $345](https://steemit.com/bitcoin/@rollandthomas/crypto-analysis-report-8-3-18-ethereum-setting-up-for-a-bear-trap-at-usd345)</center>

![](https://cdn.steemitimages.com/DQmWaXkxvWbyyDBpbg4YC3EbGZKyB63tSC7iHvJySPPCLHN/image.png)

So, I reset the charts and started over.  The last strong origin of an up move was at the weekly demand at $250.  The last strong origin of a down move was at the weekly supply at $775.  

![](https://cdn.steemitimages.com/DQmPj2HKeQZwQSkZyYGrzSSbWFRkgZHMvg3UwAwpHA4E3RG/image.png)

$250 is low on the curve and $775 is high on the curve, but I broke the curve into quadrants.  The lowest quadrant at the $250 level gives you permission to go long, while the highest quadrant gives you permission to go short.   The lower middle quadrant gives you permission to go long if trying to get into a trade or permission to take profit if in a trade short.   The upper middle quadrant gives you permission to go short if trying to get into a trade or permission to take profit if in a trade long.  

![](https://cdn.steemitimages.com/DQmUo2YvBebYcp47Tc3X5aaiceRnR8nPFbZ25QJYJnLuKwy/image.png)

If the buyers can hold the low at $250 and take out the sellers at $360, Ethereum has a chance of rising to $520 medium term.  For me to take Ethereum serious, I need to see price take out the sellers at $360, close above the 21 EMA and the daily down trendline.  The trade set-up is to go long on a pull back.   

![](https://cdn.steemitimages.com/DQmZbt8Hd1GTLc1bECrvB8nu6FEixRbLymnpALE1LqtdBqL/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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by [rollandthomas](https://mentormarket.io/profile/@rollandthomas)</center>
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