YinYangCrypto

ETH touching important upport levels

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hi friend, we are looking at the 1-day chart for Ethereum . It is looking to break the support line 1 wich i gave you in my last analysis.
This is an important support line for ethereum .
If we brake here ETH is more likely to go down and potentially touch the support line 2 (in blue) wich you can see in my chart.

There we have to look how price reacts, ETH could form a second bear-flag here!

On the MACD we see that its currently bearish and no signs to form a bullish price action.

RSI is moving to the high oversold levels.

Thank you for, would be great when you leave a like here for more awesome chart analysis.

Good luck with your trades!
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