Today we gonna take a look at ETHUSD 1H chart. ETHUSD Support and Resistance zones are perfectly matched with Fibo, as you can see we have huge Resistance zone at 0.5 Fibo 831USD which we bounced from 6 of May.
Now we broke Support level at 701USD (0.618 Fibo). 15 EMA is going to cross 30 EMA soon. We also went down through 624USD Support level and moving towards 516USD (0.786 Fibo).
Looks bad for Ethereum as for whole other crypto market.
Don't take risks, wait for the confirmation of trend. Thank you!
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Hey! Quick update on Ethereum.
We need to wait for the end of this day, it looks like we are having doji on the chart today. Good sign. May be we are going up afterwards.
It's better to close your shorts now and look after todays candle.
Don't take risks, wait for the confirmation of trend. And like if you found it helpful. Thank you!