Howdy, folks. As you can see, ETH ETHUSD has had a long week and it's only gonna get longer.
Let's start by looking at the trend lines. The first and strongest trend line is the yellow one, it's holdin ETH down. The orange trend line was formed shortly after, followed by the green trend line. Both the orange and the green trend lines have been breached, but...
The crypto market has had a rough month , and it doesn't seem to be getting any better.
This is just a quick analysis I drew up after watching the market today.
When we look at label 'A', we can see bearish divergence, with a higher high for ETH/USD, but a lower high on the WaveTrend . This is the first sign that tells me that the bull run is losing steam....
I'm just getting into crypto technical analysis and decided to publish it to get feedback. If you have any opinions please let me know.
Target 1 = 0.0075
Target 2 = 0.00865
Targets are based on a divergence pattern that looks to be repeating itself.
BINANCE:ARKETH
