My ETH/USD price prediction (BEARISH)

The crypto market has had a rough month, and it doesn't seem to be getting any better.
This is just a quick analysis I drew up after watching the market today.

When we look at label 'A', we can see bearish divergence, with a higher high for ETH/USD, but a lower high on the WaveTrend. This is the first sign that tells me that the bull run is losing steam.

Next, we look at the green circle label '1' and green circle label '2'. At label '1' we see the price cross below the VWMA30, and break through previous resistance around $1,230. After crossing the VWMA and breaking previous resistance, the price breaks through multiple key price levels, finally rebounding at $750.

When we look at green circle label '2', we see that a similar pattern is being formed. The price has crossed below the VWMA30, and broken through the support level at $950. Although the following candle closed above $950, unlike at label '1', the bears are still looking strong.

I believe that if the price cannot rebound and break the downward trend line we will see price targets of $850, then $750 and finally $675.

If the price does rebound and the downward trend line is broken, I think we will see the price test $1,100.

This is only the second analysis I have published, so please feel free to share your opinions, they are appreciated.

Updates will be made as we make it through the week. COINBASE:ETHUSD
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出