Down Trend is Continue
Ethereum is suppressed by the down-trend line and key resistance at 137.00. Meanwhile, it lost the support line from 126.20, which indicates completion of the rebound from 131.60. Break will carry larger bearish implication, intraday bias is back on the downside for 132.70 support. Further decline should be seen to retracement 100% from 147.45 to 130.60 at 130.60. On the upside, though, break of 137.00 key resistance will turn bias back to the upside for retesting 139.00 instead. It'll turn focus back to 141.00 next.
The target is 130.60.
Turning point: 137.00.
Under 137.00, bearish , target price is set at 132.70, then 130.60.
Above 137.00, bullish , target price is 139.00,then 141.00.
RSI technical indicators are bearish and predict further downward trend.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Prior Strategy:
The target is 130.60.
Turning point: 137.00.
Under 137.00, bearish , target price is set at 132.70, then 130.60.
Above 137.00, bullish , target price is 139.00,then 141.00.
RSI technical indicators are bearish and predict further downward trend.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Prior Strategy:
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