Volume is of the lowest... Price doesn't move a lot but this point is crucial .
The orange dashed line is a good horizontal support.
The dashed black is the bullish trend from beginn 2017 to now.
If it goes down, it will open to a sell off IMO.
The Black Fat line is the line of life for Ethereum.
RSI low are lower, RSI High too.
In general the impression looking at this timeframe is that Ethereum will go down but if I look at other important coins, who are all in similar situations, the feeling is a little bit more positiv.
I don't believe at a price stabilisation from here so if it doesn't bounce for me is a clear short (next important support is to reevaluate)
BIO
The orange dashed line is a good horizontal support.
The dashed black is the bullish trend from beginn 2017 to now.
If it goes down, it will open to a sell off IMO.
The Black Fat line is the line of life for Ethereum.
RSI low are lower, RSI High too.
In general the impression looking at this timeframe is that Ethereum will go down but if I look at other important coins, who are all in similar situations, the feeling is a little bit more positiv.
I don't believe at a price stabilisation from here so if it doesn't bounce for me is a clear short (next important support is to reevaluate)
BIO