SultanProfit

Ethereum (ETH) Short Scenario

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BINANCE:ETHBTC   Ethereum/Bitcoin
Ethereum / BTC is bullish after the CEO of Ethereum, Vitalik Buterin, announced about Ethereum 2.0 release super duper real date (there are several postponed)..

EMA 21 is a strong support right now for maintain the bullish, but now signs of downtrend occur on both of oscilator, stochastic and MACD showed regular divergence..

We can look at volume too, the volume is decreasing that means no more power to push higher..

In this scenario the pair will go down to FIBO 0.5, 0.618 or 0.786 mapped in red line, on FIBO 0.786 there are waiting 2 strong dinamic supports, MA 100 and MA 200...

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