ETH Dump Next Big Move | Etherum Chart AnalysisETH Dump Next Big Move 🐂 or 🐻 | Etherum Chart Analysis
Now Eth follow up trend if eth hold above 0.5 level position (price above 3351) for a day then many possibilities again bull run start same for btc if btc hold 46000 to 47900+ then All alts back to bull run. Please compromise my english soo band
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Pls leave comment for any suggestions and any crypto coin chart analyst
Longshot
ETHBTC Structural Resistance| Buyer Exhaustion| Lower High Evening Traders!
Today’s update will focus on ETH’s recent developments of getting rejected from structural resistance; a retrace is probable to the .382 Fibonacci.
Points to consider,
- ETH Parabola rise
- EMA’s currently support
- Structural Resistance tested
- RSI overbought
- Stochastics topping out
- Noticeable bear volume
ETH has had an insane parabolic run straight into a technical trade location, the structural resistance which has initially rejected it. EMA’s currently holding ETH as support, must hold true to continue with a bullish bias.
The RSI is currently overbought; a cool off to neutral territory is probable. The Stochastics is currently topping out, lots of room stored to the downside.
ETH has evident bear volume, signally potential buyer exhaustion leading to a healthy pull back in the trend.
Overall, in my opinion, ETH is likely to retrace from such overbought conditions to cool of technical indicators. The Fibonacci level to pay attention to will be the .382, a healthy bull trend tends to respect this level.
What are your thoughts?
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