In this TA we can see that the moving averages that are used in the BOSS METHOD are all going downward and screaming. The BOSS METHOD TA tool is my choice of TA on charts and trends.
In the TA you can see 3 main moving averages being used on ETH 4hr chart.
MA's
White7
Blue77
Orange231
As you can see we continued a stiff downtrend some where around Feb5. At this point we all were thinking from the 231 coming up that it would support ETH and pull both the 77 and 7 up but that was not the case. Then we sought support at .85 Sats but that broke through to. This is not a good moment to hold ETH. No telling when it will recover.
On the contrary ETH is a strong coin, and we should see it start to consolidate at some point. Wait for a buying opportunity to show you this bear attack is over for ETH.
Seems that bears switched their target after they realized they couldnt break down the big fona BTC.
In the TA you can see 3 main moving averages being used on ETH 4hr chart.
MA's
White7
Blue77
Orange231
As you can see we continued a stiff downtrend some where around Feb5. At this point we all were thinking from the 231 coming up that it would support ETH and pull both the 77 and 7 up but that was not the case. Then we sought support at .85 Sats but that broke through to. This is not a good moment to hold ETH. No telling when it will recover.
On the contrary ETH is a strong coin, and we should see it start to consolidate at some point. Wait for a buying opportunity to show you this bear attack is over for ETH.
Seems that bears switched their target after they realized they couldnt break down the big fona BTC.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.