ETH in Reverse Beast Mode
Updated
Needs to hold $165 or we go to the next bottom at $158. My best guess is we bounce around $165-$173 range for a few days before a deicision is made. Trend line was run on the 1hr chart to give a clear bullish signal if it jumps above it and gets confirmed. MACD isn't looking too great and could collapse at any time. Large sell off put us in this position, so a large buy is needed to get us back. I am going to say this is bearish due to volume being down over the last 3 days. Could someone ask Angelo to do us a favor and move this market back up?
Note
Popped over the trendline, so it needs to hold it if it is going to go up again. MACD looks to be starting to roll south, so I am guessing we have a little more time before another push. All of this changes with large orders that come in or sell off as always, which are unpredictable to us common folk.
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