Volume is low. ETH has many bearish signs adding up. Bitcoin may not play nice these next few hours. A break below $200 could set the trend for a few weeks
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A break of the trend line at 203 and an absolute plummet. Nice little short down. Now the question is, which way to we go now
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We have broken the 200 MA on the daily, however we have currently been supported by the .618 we could look to hold here. I’m taking my profits off the table. Might look to re enter a short if the 200 MA plays out as resistanceNote
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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.