Hello All,
There has been some negative news flow today and as I look at the ETH 4 hour chart I'm seeing some dangerous activity and flirting with a breakdown. As you can see the MACD is rolling over and the Stoch RSI is coming down as well. I'm going to be watching from the sidelines at least until the low liquidity weekend trading ends. I would look to pick up this beaten down beast at at 195 FIB support but with a tight stop.
fter years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis.
Please follow me and give me a like as I continue my adventures in the Crypto Markets.
Comments and Discussion are always welcome as the views of the many trump the opinions of the few.
This is my own personal analysis and I do not give financial advice.
There has been some negative news flow today and as I look at the ETH 4 hour chart I'm seeing some dangerous activity and flirting with a breakdown. As you can see the MACD is rolling over and the Stoch RSI is coming down as well. I'm going to be watching from the sidelines at least until the low liquidity weekend trading ends. I would look to pick up this beaten down beast at at 195 FIB support but with a tight stop.
fter years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis.
Please follow me and give me a like as I continue my adventures in the Crypto Markets.
Comments and Discussion are always welcome as the views of the many trump the opinions of the few.
This is my own personal analysis and I do not give financial advice.