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MIOIBUEDHGEG
Dec 19, 2021 10:38 AM

ETH/USD Short

Ethereum / U.S. dollarBitstamp

Description

Hello'' If you look at the MACD, it is giving a sell signal and the negative histogram is open. ETH exit from the uptrend can reach its weekly MA50.
Comments
dead4586
not a whole lot of volume when we have selling suggest otherwise. more buy volume over sell volume. plus bullish cup n handle, tons of eth being burnt, negative issuance (deflationary) while huge gas demand that's only growing etc...prob just sit back and hodl till moment become more clear. still extremely bullish tho.. also u completely left out the first hump in ur pattern which doesn't really inspire confidence...
MIOIBUEDHGEG
@dead4586, Chart talks to you.Do not forget how the whales reduced the price on May 17 from $ 4300 to $ 1700.Changes occur when views are strongly bullish
dead4586
@tradinggrx, Yeah not saying ur cpmletely wrong but over all long term bullish, short term means nothing to me...
MIOIBUEDHGEG
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