Ethereum - ETH Technical analysis 18th May 2018
In this video i want to show my point of view on the Ethereum (ETH/USD) chart :
Reasons why im looking at it :
- We are at a "Market Top"
- Uptrending trendline at market top
- Small RSI divergence
- Market structure
We have to hold the key supports to stay "safe" , if we dont hold these lows we will probably get and retracement , back to the 500 dollar area.
This would be a similiar retracement as the BTC retracement that we are currently seeing.
Reasons why im looking at it :
- We are at a "Market Top"
- Uptrending trendline at market top
- Small RSI divergence
- Market structure
We have to hold the key supports to stay "safe" , if we dont hold these lows we will probably get and retracement , back to the 500 dollar area.
This would be a similiar retracement as the BTC retracement that we are currently seeing.
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.
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.