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ETH LOOKING LIKE DEATH!

Ethereum (BITSTAMP:ETHUSD)  
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BITSTAMP:ETHUSD   Ethereum
Trend Analysis Chart Patterns Technical Indicators Ethereum (Cryptocurrency) ethereumforecast ethereumusd ETH ETHUSD ETHBTC Cryptocurrency crypto
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trendanalysis chartpattern indicator ethereum ethereumforecast ethereumusd eth ethusd ethbtc cryptocurrency crypto
  • ETH has run up extremely nice over the past few days BUT if this candle closes like this, we are in BIG BIG trouble
  • We have moved off nicely from the support OB and pushed through the 13EMA, using it as support on the retest but we have run into supply around $108
  • The monthly open was a level to watch to rejection but it doesn't see likely at the moment
  • A Daily close in this fashion will most likely result in a retest of support around $92
  • Only thing bulls can hope for now is a better Daily close or a proper defense of that $92 area
  • The upper supply OB, which coincides with the 48EMA are the next possible target if ETH can break out from here

Thanks guys!
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