NerubicaCrypto

#ethereum - Falling Wedge & Key-Support "D"

BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Ethereum did not manage to overcome the "BO-Level" after it bounced off a former breakout-bevel and is yet not showing any signs of recovery. It´s the opposite, producing a trend-follow H/T right now, was not a very good start also maybe printing a hidden bearish divergence today.
No reversal signs are seen on Daily so far. Although passively sitting on a rather bullish falling wedge , this does not mean we cannot go lower to the key-support around $163, where also S1 Quarterly and Monthly S1 Pivot sit and wait for the price to touch the ground.

As usual, I have labeled important prices. The trend is not yet grown up bearish on Daily.

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Warm regards,

Neru


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