Ethereum No Longer Looking Good, $1000 Now Possible!
Updated
We are now looking at the daily chart for ETHUSD, at the request of many people... I hope you enjoy it.
This is no longer looking good as we are about to have a daily candle close below EMA10.
Yesterday, short-term, we saw a potential bounce but this is no longer the case.
The MACD has been trending lower and we have bearish divergence in place.
The RSI is going down, down, down... The bearish divergence is present here as well.
Since prices are breaking below EMA10 today, the next target is EMA50... That's about $1,000 per ETH.
Namaste.
This is no longer looking good as we are about to have a daily candle close below EMA10.
Yesterday, short-term, we saw a potential bounce but this is no longer the case.
The MACD has been trending lower and we have bearish divergence in place.
The RSI is going down, down, down... The bearish divergence is present here as well.
Since prices are breaking below EMA10 today, the next target is EMA50... That's about $1,000 per ETH.
Namaste.
Comment
Give it time folks... Patience is key.
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