Ethereum Bearish Signals

COINBASE:ETHUSD60

Ether / United States DollarCoinbase

Description

⋅ Jul 13, 2020 4:06 PM

We have multiple bearish signals on the Ethereum (ETHUSD) chart.

First, we have a lower high compared to 8-July.
Second, the MACD is showing a strong bearish cross.
Third, strong rejection yesterday/bearish candle.

Prices can easily drop based on these signals.

The next support level is marked on the chart.

Namaste.

Trade closed: target reached

⋅ Jul 13, 2020 8:11 PM

$236... Target hit perfectly.

Thanks a lot for the support.

Comments

manav2639

⋅ Jul 13, 2020 7:39 PM

@alanmasters thank you 🙂

AlanSantana

⋅ Jul 13, 2020 8:09 PM

@manav2639, My pleasure.

shynrez

⋅ Jul 13, 2020 7:33 PM

Great

AlanSantana

⋅ Jul 13, 2020 8:09 PM

@shynrez, 😊🙏🏼

Myrmidonas

⋅ Jul 13, 2020 5:28 PM

IN 1H ANALYSES? are you kiding? Please do some serious TA in a bigger time frame like 1W

Mudassirbtc

⋅ Jul 13, 2020 6:25 PM

@cryptokosmas, He is right

Bojqo

⋅ Jul 13, 2020 6:29 PM

@cryptokosmas, well on weekly it's lower low and bounces of this 245$ lvl for 8 weeks. And I'm not optimistic on stock market after tomorrow's earning announcements. However I'm noob here, especially in stock market so this is just a wild guess.

AlanSantana

⋅ Jul 13, 2020 8:10 PM

@cryptokosmas, Hey hi... Why you don't like 1H?

AlanSantana

⋅ Jul 13, 2020 8:10 PM

@cryptokosmas, I do 1H, 4H, Daily (D), Weekly (W), etc.

AlanSantana

⋅ Jul 13, 2020 8:10 PM

@cryptokosmas, You cannot see the short-term moves on the weekly timeframe... This is a short-term analysis and very useful to short-term/day traders.

I hope you understand.

Namaste.