If ETH manages to breach the 1.618 fib at $137.60 identified in my last post, the next sell setup will be at the 100 day EMA - $139.68. Happy trading.
ETH bulls need to make a move here or support will likely break. The moving averages are in a very bearish posture now as they continue to apply bearish pressure at the support level.
This is unlikely but should be considered as a possibility.
ETH is setting up a short opportunity. The price action and volume indicate a rising wedge is forming. Ideal entry is $165. Waiting for the pattern to continue to develop before I enter.
Evening All >Above you can see I have drawn in past support levels in white faint white lines, which ofcourse becomes current resistance.. >Below you can see the faint pink lines which are showing you the current support levels >We can see that almost always the Stoch RSI will almost always return back on top when bottomed out as above , the question is now...