EthereumShort
$Eth short
This is just a simple chart showing I think its timer ETH to have some red and a minor correction before we re evaluate but in this case ETH is gradually losing momentum and volume so a drop to the black box is in order. We haven't truly came back down and tested the blue downtrend line as support yet after it has been a good resistance point for months and also the red trend line has served amazingly as a great support and resistance line for the long term so for them too meet up together along with the 200MA and .382 fib lines as well sure seems like a very good area for support and for a strong bounce to continue the uptrend! Following this the 50MA should cross above 200MA to create a future support.
Disclaimer
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.