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Short

Ethereum Goes Below EMA50, 1st Time Since April

BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Ethereum ( ETHUSD ) is now breaking and closing below EMA50 on the daily (D) timeframe for the first time since April... This can be a strong development.

We consider it a bullish signal when we have prices trading above this indicator, EMA50, which is marked here with a magenta line.

Now, we have ETHUSD breaking below it after showing low volume and lower highs... This can lead to a strong drop .

NOTE
The charts are always changing... Remember to have a plan if you decide to trade.

Thanks a lot for your continued support.

Namaste.

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Comments

as always BTC leads all other cryptos, that's why I always use BTC technical to invest in anything else...apparently we're on the way for a drop, and then time to invest for the big bull run fellas ;)
+3 Reply
@Cioppe_88, when could be the bull run
+1 Reply
ETH will be moved below 200 this week maybe??
+2 Reply
As always, you're great
+2 Reply
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