ETHEREUM price action (PA) closed bellow white support trend line. Closed bellow EMA 21,50,100,200 strong Downtrend. Potential Retest resistance red line before more down. around 178.5$. After bulltrap at 197.95$ ETH average go down with one small rebound up to 188.70$.
Continue bearish price action. Find temporary support at 168$. Main support for ETH was at double bottom at 152.5$.
Volume: confirm bearish price action.
Indicators: MACD bullish crossover bellow zero line. RSI bellow 50 points. Bearish sign with small rebound expected.
Patterns: ABC correction, Double bottom at 152.5$.
S/R: Support at 168$, major support 152.5$, Resistance 178.5$, Major Resistance 185.5$.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Continue bearish price action. Find temporary support at 168$. Main support for ETH was at double bottom at 152.5$.
Volume: confirm bearish price action.
Indicators: MACD bullish crossover bellow zero line. RSI bellow 50 points. Bearish sign with small rebound expected.
Patterns: ABC correction, Double bottom at 152.5$.
S/R: Support at 168$, major support 152.5$, Resistance 178.5$, Major Resistance 185.5$.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
