Recently, ETHUSD printed a higher low with trading starting to decrease.
We can notice divergence with the and a cross. The is trending lower.
We know that each time any important is conquered, it is later tested as support. ETHUSD conquered resistance levels in the form of MA200 and EMA300 recently, and these on the way down can be tested as support.
Conditions for change
If ETHUSD gains momentum up and breaks above $289, prices can go higher... Higher targets are marked on the chart. This is the less probable scenario right now, multiple signals are pointing to a retrace.
This is not financial advice.
Remember to always have a plan and do your own research before you trade.
Thanks a lot for reading.
This is Alan Masters.