ETHUSD continues losing momentum, a shooting star is probably forming on the top of the uptrend, volume is going down and BTCUSD is also losing momentum, this can mean that ETHUSD is about to dump towards the previous $100 support.
ETHUSD has grown too much in a very short time, but the crypto market is still bearish as a whole, as we continue moving towards being overbought the risk for a dump in the coming days increases
Because of this I'm still bearish on ETHUSD and a DUMP towards $100 is very likely
This of course is NOT TRADING ADVICE. just a warning
ETHUSD has grown too much in a very short time, but the crypto market is still bearish as a whole, as we continue moving towards being overbought the risk for a dump in the coming days increases
Because of this I'm still bearish on ETHUSD and a DUMP towards $100 is very likely
This of course is NOT TRADING ADVICE. just a warning
Note
PROFITS TAKENTrade closed: target reached
Note
If the $100 support holds, and the crypto market gains some momentum we could see a bounce back to $150
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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.
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.