ETH possible Short
Hi , ETH touched the daily 50 EMA few times
and price couldn’t break the level
Also current resistance level still holds the price strongly
Perpetual contracts volume has been decreasing last couple of weeks
And the bearish divergence on RSI might suggest more downside price movement .
This is only speculation and not a financial .
“Good Luck”
and price couldn’t break the level
Also current resistance level still holds the price strongly
Perpetual contracts volume has been decreasing last couple of weeks
And the bearish divergence on RSI might suggest more downside price movement .
This is only speculation and not a financial .
“Good Luck”
Note
Be sure to check inflation rate and CPI tomorrow which would invalidate short momentum if the readings are as predicted or better .
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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.
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.