Ethereum MACD Bearish Cross Short

Ethereum / U.S. dollarBitstamp

Description

⋅ Nov 21, 2020 4:05 AM

Ethereum, on the ETHUSD, just closed below EMA10 after printing a shooting star candle.

We also have a bearish cross on the MACD:

The trading volume is also very low.

What these signals mean, is that ETHUSD value is likely to drop.

The next target is marked on the chart.

Thanks a lot for reading.

Namaste.

Comments

Trading-Guru

⋅ Nov 21, 2020 1:01 PM

I like your focus on the smaller/other altcoins a lot. For Ethereum I am still a bit more bullish though. I do see a potential horizontal support zone helping the price to jump into new highs. Specifically for Ethereum I see a $550 coming up potentially:

Pdublife

⋅ Nov 21, 2020 4:18 AM

What’s your price target drop?

okifinance

⋅ Nov 21, 2020 4:19 AM

@Pdublife, $467

Pdublife

⋅ Nov 21, 2020 4:20 AM

Good call

AlanSantana

⋅ Nov 21, 2020 4:38 AM

@Pdublife, I don't trust any bearish signals coming from BTCUSD and ETHUSD, they seen to want to grow only lately.

I still read the chart but they ignore all signals or quickly reverse.

So it is better to wait and see or... FOCUS ON THE SMALLER/OTHER ALTCOINS.

Cryptodass

⋅ Nov 21, 2020 5:43 AM

@alanmasters, 100%

CcStars

⋅ Nov 21, 2020 11:17 AM

@alanmasters yeah,this is because the market on FOMO status😊😐

InkyGrip

⋅ Nov 21, 2020 11:54 AM

Very detailed analysis! +++! 🔝👍🏻🦐🔥