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Muri_K

ETHUSD 2019/01/12

Muri_K Updated   
BITMEX:ETHUSD   None
Trend Analysis Support and Resistance Multiple Time Frame Analysis ETH ETHUSD bitmex
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trendanalysis supportandresistance mtfa eth ethusd bitmex
ETH consolidating at current level since drop. Low volume / low volatility . Drop got stopped out by Kijoun sen. BB getting tight and therefore bigger move will be expected in the next hours. Area of interesst marked. Cheers
Comment:
Price dropped to next support area. Likely to range a bit here again. I see two scenarios for the next days:

1.) Price drops to next support between $104 - $108
2.) Price forms iH&S, price forms right shoulder around $124

When price continues to falIs below 1.) I see next support at the lower edge of the cloud around $100 which will act as temporary support.
Comment:
Happend earlier than expected. Let's C what will happen in the upcoming days. I'll close that one here and will do my next TA on BTC. Cheers
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