ETHUSD today analysis, 190924. Much worse than expected.Hello my friends. It's Cryptoranger K.
Few hours before this article, the price of ETH dropped momentarily to $182 and then rose. I saw this and accepted that the future drop would be at least $182. If you look at today's spot, below is the intersection of the 20-day and 50-day lines. This is the support of the candle today. Also up there is the intersection of the 5 and 10 day lines. This is the resistance of the candle today. I expected today if the candle touches the resistance above and falls back, the end of the drop would be near $190. But in the length of yesterday's candle and today's candle, I think the strength of this drop is getting bigger and bigger. So I thought the end of the drop could go below $190. As of today's chart, the MACD is showing its appearance before making a dead cross. If the daily MACD shows a dead cross, I think the drop could fall to $180 or mid-170.
