Short: Death Cross

BITFINEX:ETHBTC   Ethereum / Bitcoin
A moving average of 50 periods crossed the 100-period down, this is a strong downward signal. When closing the daily chart in low again, the MMA -9.26% of 50 can cross the one of 150, further confirming the bear trend. The MACD is starting crossover down. These crosses are strong bear signs.
If you are holding ETH, be careful. I sold all mine to buy cheaper near the blue line highlighted in the chart as it is a powerful resistance. DYOR, Good luck!
Trade active: Shorted ;)
Trade active: Breaking support. Shooort!


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