Get started
Ethereum
Short

ETHUSD Possible Fake Out?

By daneski
Updated
ETHUSD Looks like it may be breaking a daily down-trend from the 6th, however the break is on low volume. This could be the start of a new bullish trend but will need volume to confirm.
Comment
Confirmed break of short term down trend on slightly increased volume. Bullish sentiment would increase with a break of 740 with significant volume. At that point i would expect a retest of the previous high around 840. If 740 fails, we go down to retest medium term support (trend line starting 2018-04-13)
Comment
snapshot
Comment
Bounced off medium support line. Look for a break of this line to add to shorts

snapshot
Comment
The low volume fake-out has been confirmed. we dropped back though our major down trend line. Price currently sitting 640 support. I expect this will break and fall to the next support level at 600

snapshot
Chart PatternsETHEthereum (Cryptocurrency)ETHUSDethusdshortTrend Analysis
daneski

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.