ETH tried to rally, but failed. Similarly to BTC (see below my idea 👇) the price quickly turned back and the selloff has returned.
What is curious about this is... volume. It is quite low. Low volume in a bearish trend indicates bullishness... but considering the overall market, that does not seem to help much.
ETH is clearly headed towards $2,500 and it has to find proper support before any rally can be had.
According to the indicators, ETH will continue to fall for a while... check MACD, it recently did a bearish cross on daily... this will take some time to resolve.
Then OBV or On-Balance Volume is also crashing below the moving averages. Not cool.
Bias remains bearish and if $2,500 does not hold, expect price to fall under $2,000. Maybe we find support there.
Like and follow if you like my idea!
What is curious about this is... volume. It is quite low. Low volume in a bearish trend indicates bullishness... but considering the overall market, that does not seem to help much.
ETH is clearly headed towards $2,500 and it has to find proper support before any rally can be had.
According to the indicators, ETH will continue to fall for a while... check MACD, it recently did a bearish cross on daily... this will take some time to resolve.
Then OBV or On-Balance Volume is also crashing below the moving averages. Not cool.
Bias remains bearish and if $2,500 does not hold, expect price to fall under $2,000. Maybe we find support there.
Like and follow if you like my idea!
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🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📣 Find more Alpha by joining Your Crypto Community:
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.