ETH Rejected by SMA(200) and SMA(20)
ETH just rejected by SMA(200) and SMA(20) range, which happens to coincide with the 4-hour SMA(200) as well. Don't get your hopes up until the SMA(200) on the 4-hour and daily charts holds.
Note
Never sleep on the 4-hour charts!
Note
Much like BTC, ETH is bucking the trend. Time will tell, but if it can hold the SMA(20) and the SMA(200), that could be a sign of a reversal.
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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.