ETHUSD potential bearish signal
ETHUSD gave a bearish signal by breaking its DLY KS. Yet the asset is still Neutral in the Kumo.
Breaking the 3900-3850 price range will be a serious signal for the continuation of the downtrend the next strop support level being at around @ 3280 materialized by the WLY KS.
Glossary :
WLY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span/Chikou Span
TL = Trend Line
TP = Take Profit
SL/INV = Stop Loss / Invalidation level
TF = Timeframe
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Breaking the 3900-3850 price range will be a serious signal for the continuation of the downtrend the next strop support level being at around @ 3280 materialized by the WLY KS.
Glossary :
WLY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span/Chikou Span
TL = Trend Line
TP = Take Profit
SL/INV = Stop Loss / Invalidation level
TF = Timeframe
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
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