BTC broke the bottom trend line the other day, trading below the 20 and 50 EMA (A crossover of the 20 below the 50 may happen in a few days and is typically viewed as bearish). Listed are some of the key and potential support levels, fibonacci, 100 and 200 EMA and price peaks over the last few months. Not sure exactly where price support will come in, but...
ETH is trading below the 20 and 50 EMA (a 20/50 cross over may happen in a few days which is viewed as bearish), Heikin Ashi bars are red and the general trend is down within the channel. Listed potential support levels, 100 and 200 EMA, Fib levels, the spike low a few months ago and the level before the massive breakout. Where will the support be? Potential...
In a wedge pattern which will typically break either up or down. Currently trading below the 20 EMA. If it does break down, support may be at one of the fibonacci levels (50% is not a 'fib' level, but a common place for a bounce), a moving average (100 or 200) or a previous high point over the previous months. Potential buying opportunities if it does break lower.
Based on the daily ETH chart, it looks like the downtrend is still in effect. It is trading below the 20 day EMA and the Heiken Ashi bars are still in the red. May see some support at one of the fibonacci levels or a previous top over the last few months.
