Ethereum - We look to Sell
We have seen this rejection of rallies again overnight with 355 becoming a formidable barrier.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
The bias is still for lower levels and we look for any gains to be limited.
Our outlook is bearish.
Support is located at 335 and should stem dips to this area.
Short term MACD has turned negative.
Short term RSI has turned negative.
Resistance: 347.0 / 352.0 / 358.0
Support: 345.0 / 340.0 / 334.0
Signal Centre
We have seen this rejection of rallies again overnight with 355 becoming a formidable barrier.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
The bias is still for lower levels and we look for any gains to be limited.
Our outlook is bearish.
Support is located at 335 and should stem dips to this area.
Short term MACD has turned negative.
Short term RSI has turned negative.
Resistance: 347.0 / 352.0 / 358.0
Support: 345.0 / 340.0 / 334.0
Signal Centre
Trade closed: target reached:
Our signal target of $334.9 per Ethereum was reached!
