ethtrader3

ethtrader3

Looks very bearish for now. Nice confluence of Fibs. Can go even further than 16.

ethtrader3

1. Decreasing Volume 2. Converging wedge pattern 3. Nice reactions on Fib levels Will it break UP or DOWN?

ethtrader3

Nice Support Structure + Matching Fib levels

ethtrader3

It can go either ways from here!

ethtrader3

Currently at the support level and there is a clear triangle formation even on 15 min. chart -- Is it breaking up?

ethtrader3

We may see oscillations between these levels in coming days!

ethtrader3

Looks like the descending triangle is breaking down. A strong bearish indicator?

ethtrader3

Can we consider this a descending triangle pattern? Does it indicate a bearish signal? OR is it going to break the pattern?

ethtrader3

ETH price will definitely be influenced by the overall crypto market. But, will it finally breakaway from it's correlation with the Bitcoin price? Looks like the bears are at an upper hand, as of now, in the bitcoin market. Will it take down the ETH too? In the daily, we could see a bullish trend (blue). But, there's a very interesting channel in 4H (red) which...

ethtrader3 Updated 

Yellow - Daily support level Orange - Weekly support level RSI is also getting pretty low on the daily chart. Could we see a bounce back at the 0.03 (yellow) Or the 0.027 (orange) levels?

ethtrader3

4H shows a clear break away from the downward trend line. 1D and W show a strong support line. It would be interesting to see where it goes from here!