ETHSo far we have managed to stay above the $500 support area.This is a crucial area for us because if $500 breaks we can test $466 and below. MACD is indicating further downward movement & presenting a bear cross. Also notice the long red candle that broke support. On a positive note MACD is moving downward instead of consolidating in the neutral area. Hopefully after it hits OS we can bounce
Shorter time frame indicators
Still pinched on the Bollinger Bands which would cause a bounce Bull cross present on the RSI
I think we will bounce but not significantly unless BTC does.
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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.