Just the title... Today we have the highest bear-volume since more than a year, on a daily basis, and the day is not yet over.
You know how signals can work in reverse right?
I mention the RSI as being a strong bullish signal when above 50 (strong) at bottom prices... See what is happening with Ethereum, we have a bearish RSI (below 50) while prices are trading high near resistance. This coupled with the highest bearish volume, beak below EMA10 and EMA21 are doomsday signals... Well, it isn't that bad just a much normal and anticipated correction based on normal market action.
It goes up and down, up and down...
It went up a lot, for a very long time and now it will start to go down. No surprise.
The targets (support) can be seen on the chart.
Remember early 2018?
We will get something like this, this is my believe (think of Bitcoin's correction).
Namaste.
You know how signals can work in reverse right?
I mention the RSI as being a strong bullish signal when above 50 (strong) at bottom prices... See what is happening with Ethereum, we have a bearish RSI (below 50) while prices are trading high near resistance. This coupled with the highest bearish volume, beak below EMA10 and EMA21 are doomsday signals... Well, it isn't that bad just a much normal and anticipated correction based on normal market action.
It goes up and down, up and down...
It went up a lot, for a very long time and now it will start to go down. No surprise.
The targets (support) can be seen on the chart.
Remember early 2018?
We will get something like this, this is my believe (think of Bitcoin's correction).
Namaste.
Note
4H Timeframe, Ethereum is trading below EMA200/100/50 & MA200The RSI is weak and the bearish bias is super strong.
This is going lower...
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🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd » Join us now! 👉 t.me/lamatrades/4
💥Top Results
t.me/anandatrades/1183
🏆New Results
t.me/masteranandatrades/6172
💥Top Results
t.me/anandatrades/1183
🏆New Results
t.me/masteranandatrades/6172
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.