ETHUSD (Etherum) to $11.. Long term Bearish on crypto
Still very much so long term bearish on Crypto. See Ethereum as being in tis bearish channel. Granted there will be plenty of bull plays along the way. This is just my Macro view of the direction of ethereum. I will post more micro view analysis for trade opportunities. It appears evident we need to fill the gab from the initial run up.
From a technial perspective on the weekly chart price has exerted more effort to yield lower prices. Demand for Ethereum is drying up. From a trading perspective I will be looking for shorts ideally around the $200 range and wait to see how price reacts. Again, this is a somewhat predictive analysis and the way we trade is reactive to price in real time. Long term bearish on all major crypto assets.
RSI and Volume increased while price projection decreased : Divergence
Price dropped quickly and the time and angle in which price recovered was wider and slower : More selling interest possibility
We are nearing the top of the bearish channel sitting on a majob fib level
From a technial perspective on the weekly chart price has exerted more effort to yield lower prices. Demand for Ethereum is drying up. From a trading perspective I will be looking for shorts ideally around the $200 range and wait to see how price reacts. Again, this is a somewhat predictive analysis and the way we trade is reactive to price in real time. Long term bearish on all major crypto assets.
RSI and Volume increased while price projection decreased : Divergence
Price dropped quickly and the time and angle in which price recovered was wider and slower : More selling interest possibility
We are nearing the top of the bearish channel sitting on a majob fib level
Note
Looking for shorting positions this week on Crypto. Will update
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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.