ETH short to the $1570 area within the next few days, if the current $1,700 to $1,680 support area breaks.
ETH breakout was stopped by the EMA 234 on the 12-hour timeframe.
ETH is now testing the 12H 15 EMA ($1,700).
Middle KC and Middle BB are showing $1,680.
If 15 EMA breaks ETH may either bounce from the middle KC/BB and range for a while or it may drop into the lower BB/KC range.
TTM SQZ histogram confirms downward direction (dark green which indicates above and falling)
MACD confirms TTM SQZ histogram showing downward direction (dark green which is above and falling)
If ETH breaks KC/BB $1,680 12H support, then possible short to lower KC/BB area is possible.
BB and KC lower bands and Fib retrace on 12H show a $1580 to $1,560 area as a possible lower range.
Enjoy!
ETH breakout was stopped by the EMA 234 on the 12-hour timeframe.
ETH is now testing the 12H 15 EMA ($1,700).
Middle KC and Middle BB are showing $1,680.
If 15 EMA breaks ETH may either bounce from the middle KC/BB and range for a while or it may drop into the lower BB/KC range.
TTM SQZ histogram confirms downward direction (dark green which indicates above and falling)
MACD confirms TTM SQZ histogram showing downward direction (dark green which is above and falling)
If ETH breaks KC/BB $1,680 12H support, then possible short to lower KC/BB area is possible.
BB and KC lower bands and Fib retrace on 12H show a $1580 to $1,560 area as a possible lower range.
Enjoy!
註釋
First target of $1,680 (middle KC/BB) reached.
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