Ethereum Goes Below EMA50, 1st Time Since April

Ethereum (ETHUSD) is now breaking and closing below EMA50 on the daily (D) timeframe for the first time since April... This can be a strong development.

We consider it a bullish signal when we have prices trading above this indicator, EMA50, which is marked here with a magenta line.

Now, we have ETHUSD breaking below it after showing low volume and lower highs... This can lead to a strong drop.

NOTE
The charts are always changing... Remember to have a plan if you decide to trade.

Thanks a lot for your continued support.

Namaste.

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