ethereum prica analysis (ETH price analysis WARNING Bear flag)
hello dear friends,
if you are holding eth then its good time to sold and exit now because bear cycle has started and after raising its time to begin down cycle for ethereum
chart forecast:
eth broke 20 day ema which is negative sign and indicating bear cycle
100 day SMA (red line) cross above which shows downtrend, lack of volume
50 SMA also below the 100 day sma line which shows it requires some more time to start next bull run no trend for now
rsi and macd are also not looking good, lack of volume
buying strong support zone will be 0.056-0.060 sats
for now all indicators showing downside bearish cycle so according to TA smart move will be sell now and buy at Dips
this is totally technical analysis, good News and fomo can bring back trend in ethereum
Good Luck
Stay bless.
if you are holding eth then its good time to sold and exit now because bear cycle has started and after raising its time to begin down cycle for ethereum
chart forecast:
eth broke 20 day ema which is negative sign and indicating bear cycle
100 day SMA (red line) cross above which shows downtrend, lack of volume
50 SMA also below the 100 day sma line which shows it requires some more time to start next bull run no trend for now
rsi and macd are also not looking good, lack of volume
buying strong support zone will be 0.056-0.060 sats
for now all indicators showing downside bearish cycle so according to TA smart move will be sell now and buy at Dips
this is totally technical analysis, good News and fomo can bring back trend in ethereum
Good Luck
Stay bless.