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ETHUSD downtrend expected to continue
ETH failed to close above the daily 50EMA, which is also close to the downtrend line formed since August 2018. Volume is also not significant and I believe the bears will try to test the december lows at 80$.
On the bull case, a significant increase in volume and a succesful close above the daily 50EMA might send ETH to test the previous local high at around 160$, but I find this a less probable scenario.
Happy Trading
On the bull case, a significant increase in volume and a succesful close above the daily 50EMA might send ETH to test the previous local high at around 160$, but I find this a less probable scenario.
Happy Trading
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