alanmasters
Short

Ethereum Within A Descending Channel & Can Go Lower!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum ( ETHUSD ) is now trading within a descending channel , drawn blue on the chart.

ETHUSD can continue trading within this channel while going lower.

  • Support can be found at MA200 ($147) if ETHUSD continues to drop .
  • If this level breaks the next support is 0.786 Fib. retracement sitting at $139 (marked with an orange line).

Conditions for change: For ETHUSD to break this small downtrend here a break above the blue channel is needed. You can also look for a strong close above EMA10 as a bullish signal. In the meantime, ETHUSD remains bearish .

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Thanks a lot for reading, your support is truly appreciated.

This is Alan Masters.

Namaste.
Comment: EMA10 Rejection on Binance (ETHUSDT):

4H Time Frame:
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alanmasters Safe_Signal
@Safe_Signal, Thanks for sharing. That long wick on the last candle is a bit 'scary'...
+1 Reply
ETH is looking for more upside

+1 Reply
alanmasters kryptowavetrader
@kryptowavetrader, Yet it has the potential to go lower, we will see how that goes. Needs to break EMA10 before any impulse to the upside.
Reply
kryptowavetrader alanmasters
@alanmasters, mate pls you were bullish all the way from 13k to 6k can we stop this charade. Post the opposite what you think is gonna happen
+2 Reply
alanmasters kryptowavetrader
@kryptowavetrader, You mean Bitcoin?
Reply
kryptowavetrader alanmasters
@alanmasters, bitcoin, eth and countless alts that are posted xxx% profit potential
Reply
alanmasters kryptowavetrader
@kryptowavetrader, We got like 100 trades successful on the last wave with incredible profits.

We will have hundreds of more trades generate even more in the coming weeks.

The altcoins market will go another run in just 2-3 weeks, we will profit massively from it.

Thanks a lot for your continued support.

Namaste.
Reply
kryptowavetrader alanmasters
@alanmasters, you think alts will run but eth will go down.Smh. thats got be a first
+1 Reply
alanmasters kryptowavetrader
@kryptowavetrader, It is already happening, this is quite normal.

ETH is part of the Top 10 alts and is basically like Bitcoin and not a small alt.

By alts I mean the smaller cap sized ones below the top 10, the remaining 1,000+.
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