Ethereum price action was farmed Head and Shoulders bearish pattern (Left Shoulder 192.5 Head 195 Right Shoulder 192.55). ETH downtrend closed bellow EMA 21,50,100,200 periods.
Potential support green box between 178.9 and 175.
Volume: Sell Pressure increased, Confirm bearish price action.
Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish sign.
Pattern: SHS bearish pattern. ABC correction.
S/R: Support at 180$, Major Support 175$, Major Resistance 196, Resistance 185.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Potential support green box between 178.9 and 175.
Volume: Sell Pressure increased, Confirm bearish price action.
Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish sign.
Pattern: SHS bearish pattern. ABC correction.
S/R: Support at 180$, Major Support 175$, Major Resistance 196, Resistance 185.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
