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Solldy
Dec 10, 2022 9:35 AM

ETHUSD ❕ downtrend line Short

Ethereum / U.S. dollarBitstamp

Description

Trading volumes declined as did volatility.
After the rise, the price formed a bearish takeover on the peak and the RSI chart broke down the moving average when the price broke down the 200EMA (4H TF)
The 1H Timeframe shows that price is currently working off the bearish divergence formed by price and the RSI chart.
TD Sequential has formed a reversal signal upwards (1H TF)
I expect that from the current values ETH can grow, but after fixing in the liquidity area, the asset will continue to decline.
Comments
Williamforex
Perfect setup
KlejdiCuni
It looks very solid. Thanks
YongTung
Nice work.
AtlasTrades
Nice chart mate, I think it's correct idea as always for ETHUSD
YMGroup
Thank you for your insight for ETHUSD
Michael_Winner
Nice ETHUSD idea, I think price likely will test this support level before movement
MonoCoinSignal
Good job
SwallowPremium
Excellent overview, thanks for sharing!!
MadWhale
Let's see wt is next here we have some support area
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