Ethereum fell below the Daily EMA ribbon. This would be bearish since every time this happens it tends to go much lower. I would like to point out that since it has closed below it, we should remain skeptical because it wasn't with confidence and decisive. We are bouncing from a downwards channel. Since there is a daily RSI divergence(Not shown on this chart),...
this lines are showing different resistances and supports, also keeping an eye in the lines from the descendent pitchfork (idea previously published) As we can see, the previous dump didnt break the EMA Ribbons on the daily graphic. The blue arrow is showing the day of the halvening so we can have a clear view of how is BTC developing after this.
Hi everyone, What's most interesting in this chart is 2 things: 1. The long term parallel channel that Bitcoin likes to travel within before exploding to new ATHs 2. The Weekly EMA ribbon bullish flip that marks the long term bull rally to new ATHs All else is in the chart! Hope you enjoy this. Cheers, Leb Crypto