ETHEREUM/U.S. DOLLAR SHORT ANALYSIS
MACD indicates that we are going to have a bearish cross.
STOCHASTIC OSCILLATOR, the value is 90.39, the price is clearly overbought, therefore there is an high probability that the price will go down.
CONCLUSION:
The price can drop and all indicators along with current market trend shows an upcoming decline of price. A short position is recommended if desired, entry price should be set at the resistance level.
Provided analyse is for an informational purpose only and should not be taken as a professional advice.
STOCHASTIC OSCILLATOR, the value is 90.39, the price is clearly overbought, therefore there is an high probability that the price will go down.
CONCLUSION:
The price can drop and all indicators along with current market trend shows an upcoming decline of price. A short position is recommended if desired, entry price should be set at the resistance level.
Provided analyse is for an informational purpose only and should not be taken as a professional advice.
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