ETHUSD - Failed Rally, or 'Chink in the Armor'?

COINBASE:ETHUSD   Ethereum / U.S. Dollar
There is no denying the Bearish Downtrend, to think otherwise would be costly. But, has Saturday's recent rally been a failed one, or have the Bulls put a small chink in the armor?

In a previous post, I more fully outlined a the recent bearish stepping pattern that seems to have been occurring since Jan. 14th (See below). It is very strong.

The larger market body is calling for a retest of $100, and maybe the Bears will get it. Will the Bulls put up with it - remains to be seen. The previous psychological $100 brought about the same response, lackluster with its moments of "decent" volume uptick, but still stronger than the recent leg down.

I think price action will ride its way down to the $104, and the $100 is going to be the line to watch. If there is a small window through this defense line, the Bull are going to have to convincingly exploit it.

Good luck!

Full Post: Predictable Bearish Pattern? :

Related Post: 1H Tightening. Break & Test Trendline or Test $100"
Trade active: Is ETH USD about to break a month long short term downtrend? OR, will it have another helping of regression?

Heavy left brained, like the rest of you.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out