#ETHUSDT
Rally from 14 March until 28 March cannot be sustain after the next week candlestick close with Bearish Harami and followed by 4 week consecutive with bearish candle.
ETH also fail to breakout its major trendline and trading above it and rejected by the trendline.
Based on MACD, we also can say that movement will continue bearish as the death cross already occur below 0 value.
As long, ETH trade above 2300-2500, it will move sideway until there is a minor breakout above the temporary downtrend line, and breakout above 3586 to form new higher high to move higher.
Support levels
- 2560
- 2159
- 1700
Resistance levels
- 3580
- 4868 (ATH)
Rally from 14 March until 28 March cannot be sustain after the next week candlestick close with Bearish Harami and followed by 4 week consecutive with bearish candle.
ETH also fail to breakout its major trendline and trading above it and rejected by the trendline.
Based on MACD, we also can say that movement will continue bearish as the death cross already occur below 0 value.
As long, ETH trade above 2300-2500, it will move sideway until there is a minor breakout above the temporary downtrend line, and breakout above 3586 to form new higher high to move higher.
Support levels
- 2560
- 2159
- 1700
Resistance levels
- 3580
- 4868 (ATH)
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Happy Trading