The market continued adjusting as all the major tokens plunged by more. BTC has broken the support at $6,250, and it has triggered the short signal. A dead cross has shown up in the MACD of the 4-hours chart. We have mentioned that once the dead cross showed up, it means the market would test the support at $6,000, which is also the MA20. Including the movement of the 30-mins and 1-hour chart, the adjustment is still ongoing. The shorts led the market.Focus more on the support at $6,000. If it can be held, small positions to buy low and sell high is available.
ETH ran as the same. The MACD of the 30-mins and 1-hour chart is weakened. We should also be careful that a dead cross shows up in the 4-hours chart. And it has broken the support at 131, and it seems that the stop-fall signal has not shown up yet. Short it and focus on the support at $128, which is also the MA20 is at.
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
ETH ran as the same. The MACD of the 30-mins and 1-hour chart is weakened. We should also be careful that a dead cross shows up in the 4-hours chart. And it has broken the support at 131, and it seems that the stop-fall signal has not shown up yet. Short it and focus on the support at $128, which is also the MA20 is at.
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD