Ethereum - Intraday - We look to Sell a break of 2948 (stop at 3033)
Daily signals are bearish. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Short term MACD has turned negative.
Bias is mildly bearish today but we need to see a break of 2950 to confirm the downward pressure.
Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment.
Our profit targets will be 2721 and 2641
Resistance: 3100 / 3200 / 3300
Support: 3000 / 2900 / 2800
Daily signals are bearish. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Short term MACD has turned negative.
Bias is mildly bearish today but we need to see a break of 2950 to confirm the downward pressure.
Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment.
Our profit targets will be 2721 and 2641
Resistance: 3100 / 3200 / 3300
Support: 3000 / 2900 / 2800
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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.