Ethereum (ETHUSD) just broke and closed below EMA10 and EMA50, sending out a bearish signal.
After closing below these levels, ETHUSD is very likely to test lower next in the range of $168 - $172, followed by $164 if the earlier support can't hold.
The immediate resistance is now sitting at $177-$178... Before ETHUSD can move up, the above level needs to be broken.
But, with a bearish MACD and RSI as well as low volume after support was broken, there is the possibility of prices going lower.
Details can be seen on the chart.
The dashed blue lines are for support.
The dashed magenta lines are for resistance.
Feel free to leave a comment if you have any questions.
Namaste.
After closing below these levels, ETHUSD is very likely to test lower next in the range of $168 - $172, followed by $164 if the earlier support can't hold.
The immediate resistance is now sitting at $177-$178... Before ETHUSD can move up, the above level needs to be broken.
But, with a bearish MACD and RSI as well as low volume after support was broken, there is the possibility of prices going lower.
Details can be seen on the chart.
The dashed blue lines are for support.
The dashed magenta lines are for resistance.
Feel free to leave a comment if you have any questions.
Namaste.
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🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd 👉 t.me/lamatrades/4
💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
Related publications
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.