Ethereum is on a clear downwards channel. I expect this trend to continue for a while. Ichimoku looks bad. RSI looks bad. Also, as Joker-01 pointed out, looks like a Head and Shoulders pattern just formed.
We will probably see a bounce off the 0.093 support line, or perhaps even lower at 0.086. I highly doubt we will see a fall below there.
As I said previously, I've sold half my ETH at 1.20 and I'll buy again closer to 0.93.
We will probably see a bounce off the 0.093 support line, or perhaps even lower at 0.086. I highly doubt we will see a fall below there.
As I said previously, I've sold half my ETH at 1.20 and I'll buy again closer to 0.93.
Note
Downtrend continues. No sign of a reversal yet. Potential reversal points marked.
Note
Potential head and shoulders. Might see more downtrend
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.