Ether destined to test 200 daily ma?
Ether has broken out of the Ichimoku cloud (double settings) and can't sustain the 100ma. Ether has tested the uptrend line twice and with this level of bearish momentum seems destined to test at least the 200ma with a break of the downtrend line with the potential to fall to $150 with a quick recovery expected due to the RSI being close to oversold.
Bottom line: Ether could recover from the uptrend line to test the underside of the cloud if the uptrend line does not break with a daily close. If the daily close is below the uptrend line, a 200ma test seems likely.
This is trading and no one is an oracle; its all a balance of probabilities. This is not financial advice and is purely for education.
Bottom line: Ether could recover from the uptrend line to test the underside of the cloud if the uptrend line does not break with a daily close. If the daily close is below the uptrend line, a 200ma test seems likely.
This is trading and no one is an oracle; its all a balance of probabilities. This is not financial advice and is purely for education.
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