Ethereum (ETHUSD) looks bearish... What do you think?
Let's analyze this chart together before hit LIKE!
We have the common/well-known, bearish rising wedge pattern.
This pattern already broke bearish and we have lower prices.
Yesterday ETHUSD closed below EMA50 for the first time since October 2020, a bad signal.
The RSI is below 50 while the MACD is trending down strong.
The trading volume is low though and we are still high up.
So the bears are in but they haven't shown much strength based on the volume.
We keep the bearish bias short-term as long as prices remain trading below EMA10.
Trading above EMA10 switches the potential to the bulls.
For now, we stay bearish.
What do you think will happen next here?
Thanks a lot for reading.
Namaste.
Let's analyze this chart together before hit LIKE!
We have the common/well-known, bearish rising wedge pattern.
This pattern already broke bearish and we have lower prices.
Yesterday ETHUSD closed below EMA50 for the first time since October 2020, a bad signal.
The RSI is below 50 while the MACD is trending down strong.
The trading volume is low though and we are still high up.
So the bears are in but they haven't shown much strength based on the volume.
We keep the bearish bias short-term as long as prices remain trading below EMA10.
Trading above EMA10 switches the potential to the bulls.
For now, we stay bearish.
What do you think will happen next here?
Thanks a lot for reading.
Namaste.
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🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd 👉 t.me/lamatrades/4
💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。