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Realamh
Aug 15, 2021 4:57 PM

ETH: At risk of a drop 

Ether / United States DollarCoinbase

Description

ETH broke below its trendline and is at risk of dropping further. The "orange" channel has a good chance of stopping this drop and reversing it toward a new high, but if that also breaks down, it should head toward 2664 sooner than later. The bearish volume is relatively stronger and MACD is gaining momentum. Either way, 3062 seems inevitable for now.

Order cancelled

Going sideways.
Comments
Mudrex
that is very likely, thanks for sharing
Realamh
@Mudrex, Thank you for your comment. You're welcome.
stephengordon
Nice ta. Volume is dying for days now. iIcould see us go way below 3060. Cheers
PatrykMachola
@stephengordon, Have you looked at the support that has formed on daily chart, 3150.

It seems it will continue to the upside for 1-2 more weeks.
Realamh
@PatrykMachola, recent sell volume has been intense. It's concerning now.
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