ETH shows signals of a downtrend. It’s losing strength and fractals show it will go deeper. There’s a Head and Shoulders forming, like you see above.
This is not financial advice. I’m not responsible of your actions.
Have a good day! :)
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Sorry, the image is cut.
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Be careful. Eth is testing the support of the channel. Also, it’s in a triangle and it’s the top of it.
I would not FOMO now. If it turns bullish, wait til it gets out of it.
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It seems there’s a rejection at 0.382 area, a very important one. However, I can still go up. To be honest, I doubt so, since there are some hard resistances.
Wait to see what happens.
This is not financial advice. Trade at your own risk.
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Eth went up a bit. It wasn't strong, but it did. You may be thinking it's going up, but I would suggest to wait and see what happens, since it was just following BTC. BTC had to go up a bit and complete the pattern. From here on, I expect BTC, ETH, and other coins to drop. Let's see what happens.
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Vitalik will leave Ethereum project, according to some news. That means, we can expect ETH to go further down?
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ETH is waiting for BTC. Whenever it drops, ETH will as well.
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Oh my Goooooood! There it is! I started to get really angry because it needed more than I expected to go down.
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Tether FUD prevented BTC from breaking the triangle downwards and Instead, it pumped hard. Since ETH follows BTC, it pumped as well, preventing it from breaking the support. Crypto is not in a good moment. We have to wait and see how the Tether problem develops to avoid any artificial pumps or dumps. It seems it wants to go down, since there’s a huge resistance making BTC stop. It will make all Altcoins go down. Also, RSI 4h is overbought, and 1D RSI is also turning down. From what I see, it’s possible it breaks the big support, and falls down. I can’t see any significant support below this one in white, so the price could drop really deep.
@vyga, Thanks for your comment. I didn’t update it til I saw a clear movement ;)
vyga
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@Andbcoin, oh, np :) Thanks for a reply :) Question - will ETH reach 200+ in near future or it will go down? :D Lets say 2-3 months.
WealthHustler
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Any new update on ETH?
Andbcoin
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@WealthHustler, Thanks for your comment. Like I said above, I didn’t update any idea until I saw a clear movement. ;)
WealthHustler
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@Andbcoin, means more downside? or double bottom possibility? :D
Andbcoin
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@WealthHustler, There's the podsibility, yes. Everything can happen in this market. But it's impossible to know it now. I mean, If RSI goes out of the oversold region and it's still on the support, then there can be a potential double bottom. :)