Ethereum downtrend view

17 mai 2021

ETHUSD looks like there's still some room downside.
-It tipped the bottom of the growth log curve on the top red.
-Move from 1951.66 to 4380.64 -50% is 3162 hit
-61.8 is 2876 (probably will get touched sometime)

Bias:
-bearish - Price target: $2774

BAD:
-trendline down
-sell volume higher and obv down
-daily rsi downwards
-daily macd down

Good:
-50% probable support 3162
-supports at 2775, 2430, 2326
-potential move up to downtrend line in short term
-btfd on supports

19 mai 2021

Note

Looks like stop loss triggered throughout crypto. 1.8k eth wow!

long wick probably short term bounce!

will watch for resistance and if it breaks probably on the way to 6k

19 mai 2021

Trade fermée: ordre d’arrêt atteint