EthereumShort
ETHUSD appears to be losing momentum, to retest long-term suppt
In the last post, I mentioned that ETH could be leading the recovery from the correction last week. Alas, in fact the only major coin that recovered quickly was the crasher itself --- BTC.
The indicators have now turned bearish for ETH. There's a possibility that it will retest the long-term support (see chart). It would be a double-top reversal if this long-term support is penetrated. In that case, we'll be heading for the $300 area again as many people abandon ship.
On the flip side, there's a possibility that Ethereum will turn to POS next Jan. This could mean the next bull run is around the corner. It all depends on the timing: ETH could crash to $300 and then relaunch, or it could limbo here and jump after a period of side movements.
The indicators have now turned bearish for ETH. There's a possibility that it will retest the long-term support (see chart). It would be a double-top reversal if this long-term support is penetrated. In that case, we'll be heading for the $300 area again as many people abandon ship.
On the flip side, there's a possibility that Ethereum will turn to POS next Jan. This could mean the next bull run is around the corner. It all depends on the timing: ETH could crash to $300 and then relaunch, or it could limbo here and jump after a period of side movements.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.