Ethereum (ETHUSD) is now trading within a descending channel, drawn blue on the chart.
ETHUSD can continue trading within this channel while going lower.
Conditions for change: For ETHUSD to break this small downtrend here a break above the blue channel is needed. You can also look for a strong close above EMA10 as a bullish signal. In the meantime, ETHUSD remains bearish.
Enjoyed this post? Feel free to hit like now...
Thanks a lot for reading, your support is truly appreciated.
This is Alan Masters.
Namaste.
ETHUSD can continue trading within this channel while going lower.
- Support can be found at MA200 ($147) if ETHUSD continues to drop.
- If this level breaks the next support is 0.786 Fib. retracement sitting at $139 (marked with an orange line).
Conditions for change: For ETHUSD to break this small downtrend here a break above the blue channel is needed. You can also look for a strong close above EMA10 as a bullish signal. In the meantime, ETHUSD remains bearish.
Enjoyed this post? Feel free to hit like now...
Thanks a lot for reading, your support is truly appreciated.
This is Alan Masters.
Namaste.
🔥 New Ultra-Low Prices: Easy PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
🔝 9,999+ Altcoins & Bitcoin Charts!
t.me/alansantana1111
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
lamatrades.com (Since 2017)
🔝 9,999+ Altcoins & Bitcoin Charts!
t.me/alansantana1111
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
4H Time Frame: