Making new lows is possible for ETHUSD
ETHUSD has had a RS flip on 1068 level. What was working as support now seems to be working as resistance.
On top of that we see RSI testing its moving average, MACD about to have a bearish retest on its reset axis (on 0) and ETHUSD average price increasing while volatility and volume are dropping.
Should the triangle (white line) breaks bulls must defend the 1012 level, otherwise, we could see new lows for ETHUSD very soon.
Take into account that we're still in the Weekend and tomorrow is 4th of July, thus, there's little liquidity in the market and price can move violently (both ways) without much money.
Manage your risk!
On top of that we see RSI testing its moving average, MACD about to have a bearish retest on its reset axis (on 0) and ETHUSD average price increasing while volatility and volume are dropping.
Should the triangle (white line) breaks bulls must defend the 1012 level, otherwise, we could see new lows for ETHUSD very soon.
Take into account that we're still in the Weekend and tomorrow is 4th of July, thus, there's little liquidity in the market and price can move violently (both ways) without much money.
Manage your risk!
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