Ethereum Changes Course, Bears Take The Wheel, Lower?
After our last chart/update, ETHUSD had a strong drop/reversal, the bears now have the upper hand.
For Ethereum (ETHUSD) prices are now moving below EMA50 ($219). This signal is only confirmed once the daily candle closes. If prices close above EMA50 this signal is invalid.
If ETHUSD closes below EMA50 or $219, then we are likely to test the 0.786 Fib. retracement support at $183 (1).
If prices can stay above $200 there is still a chance for reversal (2)...
Always remember to have a plan/strategy before you trade.
Thanks a lot for reading.
Namaste.
For Ethereum (ETHUSD) prices are now moving below EMA50 ($219). This signal is only confirmed once the daily candle closes. If prices close above EMA50 this signal is invalid.
If ETHUSD closes below EMA50 or $219, then we are likely to test the 0.786 Fib. retracement support at $183 (1).
If prices can stay above $200 there is still a chance for reversal (2)...
Always remember to have a plan/strategy before you trade.
Thanks a lot for reading.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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