ethbtc sitting on the edge of a cliff
ETHBTC is showing negative divergence on daily timeframe.
if we close below 0.06848, which is major vbp support on the daily, we're facing to fall through a big vbp gap.
next stop below is at 0.0525
if we close below 0.06848, which is major vbp support on the daily, we're facing to fall through a big vbp gap.
next stop below is at 0.0525
Comment:
So seems like we went to retest resistance at 0.07117 first, got rejected, then went on to close below 0.0679 support.
day after we retested it, but it had now turned to resistance after which we fell down hard
day after we retested it, but it had now turned to resistance after which we fell down hard
I will watch daily close tonight and short if we close below the vbp support.
bottom band is now at 0.0679
a close below there means we're going to visit .05 range