jcvillones

my analysis ETH/USD

Short
COINBASE:ETHUSD   Ethereum
I believe ETHUSD will retest again 38.2 or 50% fibo support. and it should hold to that level.
last level will be 61.8fibo. if it closes below 61.8 fibo(daily timeframe), expect the trend to reverse.

reason:
1.MACD signal to sell
2. candle forming lower high
3. low volume
4. RSI starting to move low.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.