Is dump so close for Ethereum ?
Updated
Hello, Traders!
Monfex is at your service and today we overview ETH/USD.
Ethereum broke through the expected support levels. Now it's testing a key level to continue the fall. It can also be noted that although the dominance of Bitcoin is now falling against Altcoins, we can see a bearish divergence at some daily charts on many well-known Alts. This is a negative sign for the market, but there are also resistance zones that can be like a magnet and logical level of reverse for some correction movements.
Local resistance level is ~ $ 185
Supposed Trade Signal by ETH/USD
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Monfex is at your service and today we overview ETH/USD.
Ethereum broke through the expected support levels. Now it's testing a key level to continue the fall. It can also be noted that although the dominance of Bitcoin is now falling against Altcoins, we can see a bearish divergence at some daily charts on many well-known Alts. This is a negative sign for the market, but there are also resistance zones that can be like a magnet and logical level of reverse for some correction movements.
Local resistance level is ~ $ 185
Supposed Trade Signal by ETH/USD
- Sell with confirmation of breakout near $177
- Take profit ~ $161, $154 , $144
- Stop at $184
- Market Cap
$19 476 575 983 USD - Volume (24h)
$7 533 806 876 USD - Circulating Supply
108 166 529 ETH
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Note
ETH/BTC with bearish div we said about Note
broke the support trade signal is active!
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Disclaimer
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