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Ethereum

Ethereum Changes Course, Bears Take The Wheel, Lower?

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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.
MasterAnanda
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alanmastersaltcoinsBeyond Technical AnalysiscryptoETHEthereum (Cryptocurrency)ETHUSDTechnical IndicatorsTrend Analysis

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alanmastersaltcoinsBeyond Technical AnalysiscryptoETHEthereum (Cryptocurrency)ETHUSDTechnical IndicatorsTrend Analysis
MasterAnanda
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4

🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Also on:

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.