Eth-Perp looking to continue bear trend?
Actualizado
Eth is still being rejected off the previous trend line (blue) that we broke through a few days ago. Price may move closer to the orange trend line showing the downward trend we're in before anything exciting happens. On the OBV we are pushing through the support of the triangle that volume has been bouncing around in for a while so we may see price drop down to $150 if bears can keep control, however if the bulls can push us out of this trend we may reach the larger MA at around $195 soon and even recent highs around $220. I'll be waiting for a push in either direction and for a trend to be confirmed before my next trade, but I'm at least anticipating a push up to 177-180 before continuing the downward trend.
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Please leave a comment or anything constructive below. Looking forward to hear your thoughts.
O
If your interested in any of my trading history, join myself and other traders sharing all our trades on Lucid Traders, document all your trades for free and learn from everyone's experiences on the markets. Contact me for more info.
Please leave a comment or anything constructive below. Looking forward to hear your thoughts.
O
Comentarios
Price didn't pull up as much as anticipated and drop nearly to $150. Waiting to see if there is a pull on this to enter on to carry down on the trend.
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