ETHUSDT Directional Analysis August 08 2022
ETHUSDT short-medium term analysis August 08 2022
Bears are temporarily holding the D100ema resistance at 1710
Ethusdt pivot resistance is 1710.
1710 was our previous short target from the 3000s
And now the 1710 is acting as resistance (previous support acting as resistance)
Downside short term target will start at 1310-1230
Secondary target at 950
However, even though price is at resistance, the short term reversal has not begun yet.
The D macd has crossed negative, but its a weak crossover at the moment
Therefore, bears will need to cover the secondary resistance which is at 1945-2065. This range is at the 3D50ema.
Bears are temporarily holding the D100ema resistance at 1710
Ethusdt pivot resistance is 1710.
1710 was our previous short target from the 3000s
And now the 1710 is acting as resistance (previous support acting as resistance)
Downside short term target will start at 1310-1230
Secondary target at 950
However, even though price is at resistance, the short term reversal has not begun yet.
The D macd has crossed negative, but its a weak crossover at the moment
Therefore, bears will need to cover the secondary resistance which is at 1945-2065. This range is at the 3D50ema.
