After our last chart/update, ETHUSD had a strong drop/reversal, the bears now have the upper hand.
For Ethereum (ETHUSD) prices are now moving below EMA50 ($219). This signal is only confirmed once the daily candle closes. If prices close above EMA50 this signal is invalid.
If ETHUSD closes below EMA50 or $219, then we are likely to test the 0.786 Fib. retracement support at $183 (1).
If prices can stay above $200 there is still a chance for reversal (2)...
Always remember to have a plan/strategy before you trade.
Thanks a lot for reading.
Namaste.
For Ethereum (ETHUSD) prices are now moving below EMA50 ($219). This signal is only confirmed once the daily candle closes. If prices close above EMA50 this signal is invalid.
If ETHUSD closes below EMA50 or $219, then we are likely to test the 0.786 Fib. retracement support at $183 (1).
If prices can stay above $200 there is still a chance for reversal (2)...
Always remember to have a plan/strategy before you trade.
Thanks a lot for reading.
Namaste.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
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.