ETH TA with supporting evidence to the downside, approx. $98.98
(sell) Price action broke flag to the downside.
(sell) Head and shoulders broke below neck line
(sell) Flag pole (yellow) extended to break out area on the downside. With this we can denote price action's estimated short term bottom, in confluence with horizontal support ($98.98)
(sell) Price action broke horizontal support, now using as resistance ($108.10)
(sell) Price action using lower EMA as resistance
(neutral) RSI in overbought region, has not confirmed above (30) any long entry.
(sell) RSI is trading below MA.
(buy) Stochastic is trading above MA, testing overbought region (20) - Only bullish signal as of yet, not enough, especially with stochastic advantage being scalping.
Volume is fairly high given the recent history. As of yet I am not experienced enough to assign this a meaning.
** 6/8 indicators to enter a short position - Considering entering a short position once resistance is confirmed with closed candlestick under resistance at $108.10 with exit target $98.98 - reevaluating your position at bottom of current order block ($102.23)
(sell) Head and shoulders broke below neck line
(sell) Flag pole (yellow) extended to break out area on the downside. With this we can denote price action's estimated short term bottom, in confluence with horizontal support ($98.98)
(sell) Price action broke horizontal support, now using as resistance ($108.10)
(sell) Price action using lower EMA as resistance
(neutral) RSI in overbought region, has not confirmed above (30) any long entry.
(sell) RSI is trading below MA.
(buy) Stochastic is trading above MA, testing overbought region (20) - Only bullish signal as of yet, not enough, especially with stochastic advantage being scalping.
Volume is fairly high given the recent history. As of yet I am not experienced enough to assign this a meaning.
** 6/8 indicators to enter a short position - Considering entering a short position once resistance is confirmed with closed candlestick under resistance at $108.10 with exit target $98.98 - reevaluating your position at bottom of current order block ($102.23)
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