✴️ Ethereum Highest Bear Volume Daily Since November 2022
Updated
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.
Comment
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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