Ethereum/ USD (1D) Sad Times for ETH
Updated
Hello!
For those of you interested in Ethereum, here's an analysis that will make you question your existence.
It seems like Ethereum is in for a world of hurt. Although we may see a rally to test the Tenkan-Sen at $493-$530 range, overall the market is still in bleed mode.
If price action continues towards the downside, as the Stoch RSI indicates, we will retest $360. Further slippage may result in $300 levels.
Any questions are very welcome!
For those of you interested in Ethereum, here's an analysis that will make you question your existence.
It seems like Ethereum is in for a world of hurt. Although we may see a rally to test the Tenkan-Sen at $493-$530 range, overall the market is still in bleed mode.
If price action continues towards the downside, as the Stoch RSI indicates, we will retest $360. Further slippage may result in $300 levels.
Any questions are very welcome!
Note
We are going to test $360
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