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TheCryptoHustle

All is quiet on the field

Short
Ethereum (COINBASE:ETHUSD)  
TheCryptoHustle Updated   
COINBASE:ETHUSD   Ethereum
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Volume is low. ETH has many bearish signs adding up. Bitcoin may not play nice these next few hours. A break below $200 could set the trend for a few weeks
snapshot
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snapshot
A break of the trend line at 203 and an absolute plummet. Nice little short down. Now the question is, which way to we go now
Comment:
We have broken the 200 MA on the daily, however we have currently been supported by the .618 we could look to hold here. I’m taking my profits off the table. Might look to re enter a short if the 200 MA plays out as resistance
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