ETH going down for the short term
Actualizado
The 50 days moving avg crossed the 2000 moving average and faced a critical resistance there before tanking. It attempted a bounce back up but faced resistance again at the 50day moving avg. The StochRSI also suggest an insuing downtrend. The %D line just crossed below the %K line.
This is my first TA post so take everything with a grain of salt.
Any criticism you give, I will greatly appreciate.
This is my first TA post so take everything with a grain of salt.
Any criticism you give, I will greatly appreciate.
Nota
Don't have a particular reentry price but I am looking at around 800-900 rangeThe 200MA on the 4hr time frame is located around that area and I suspect it will bounce from there.
Nota
Also important to note that we are seeing higher lowsNota
Also forgot to add that we can see a clear double top
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