PolarHusk

Watch out ETHUSD Bear Sign Incoming

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BITMEX:ETHUSD   None
Hello guys, Just a heads up if you are in Long position on ETHUSD. Potential bear cross of 50 Daily MA and 200 Daily MA (1 Day chart) if ETH continues to decline in price due to sloping downward resistance.
The volume keeps on decreasing and this is not a good sign because bears can easily move the tide much lower. ETH needs to break above 200 Daily MA and show follow through with convincing bull volume.
Otherwise, it falls under a $150 price target. RSI is in the neutral zone but can still go down further before hitting an oversold condition.

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