Hi friend, we are looking at the 1-day chart for Ethereum. It is looking to break the support line 1 wich i gave you in my last analysis.
This is an important support line for ethereum.
If we brake here ETH is more likely to go down and potentially touch the support line 2 (in blue) wich you can see in my chart.
There we have to look how price reacts, ETH could form a second bear-flag here!
On the MACD we see that its currently bearish and no signs to form a bullish price action.
RSI is moving to the high oversold levels.
Thank you for, would be great when you leave a like here for more awesome chart analysis.
Good luck with your trades!
This is an important support line for ethereum.
If we brake here ETH is more likely to go down and potentially touch the support line 2 (in blue) wich you can see in my chart.
There we have to look how price reacts, ETH could form a second bear-flag here!
On the MACD we see that its currently bearish and no signs to form a bullish price action.
RSI is moving to the high oversold levels.
Thank you for, would be great when you leave a like here for more awesome chart analysis.
Good luck with your trades!