Eth rejected off 20EMA on the daily. Chaikin oscillating down as well. Trend and horizontal support at 2200.
There is strong support in this area if this long term trend line breaks. It is certainly possible that it does, we are making lower lows and lower highs on the 2 hr time frame. Another lower low breaks the trend.
Bullish crab pattern on the 2 hour time frame. Being cautious here though...
A look at 1W, 2W and 3W time frames confirms further drop to at least 3K. 1W candle that just closed with bear div on it resulted in a reversal. Bear divs on 2W and 3W show that we will probably go lower than 3K in the next few weeks.
Look for Defi to do big things this fall. I'm anticipating AAVE to perform better vs ETH than it has in the past and looking to these fibs as targets.
COINBASE:ETHUSD My prediction is ETH will continue bearish in the coming days, bouncing off 1820s and then continuing downward to hit 1750 July 16th-19th Will it continue lower after that? More will be revealed.
COINBASE:LINKUSD LINK tends to follow ETH and my prediction is it will continue to follow the bearish trend. But where will LINK find support? Possibly sub-$14 is the next stop. If it hits this range as ETH bottoms, I am a buyer. Otherwise, it could continue lower as ETH continues to move lower. More will be revealed.
COINBASE:ETHUSD I am long term bullish but short term bear. Setting my buy order at $1750, but could go lower.
ETH will drop to $1750 support COINBASE:ETHUSD