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Ethereum Goes Below EMA50, 1st Time Since April

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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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