I have always used EMA90 and EMA120 for long decisions in relation to ETH and has always paid off. Whenever there is a crossover proximity between both there seems to be a huge breakout (marked by blue arrows). This has been historically my best support indicators. I also seem to notice a large possible H&S ( volume seems to support the hypothesis) -> This is a long shot. If this is the case, it is very crucial to see if the crossover support holds at around 0.06 BTC . If you factor in Fib levels this is very close to 0.236 fib and the neckline. Immediately I see a drop to 0.075 being imminent and a slight deadcat bounce before falling to the 0 fib level. It is very important to see if it breaks down on the neckline.
P.S. The entire action is expected to happen in 1-2 months even though I have showed the projection to happen for short.As always do your research. I have always loved ETH and hope this does not happen. May be casper announcement will take it to the moon.
評論: Things are moving as predicted. $ETH is approaching the Danger Zone faster than expected. I am still bearish as the whole market is bad.
評論: $ETH has touched down 0.23 fib level. Watching every development crucially. Casper development update is crucial at the moment.
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