$ETH back to 200EMA after momentum transitions us into MACD divergence. A possible double-bottom scenario has been assumed with neckline at this zone.
Note the gap to 20EMA which could trigger further sell-out if we dip below, where 50EMA is the better indicator for continuation.
The goal is to still maintain closes above 1500 until the outer pattern crossover to create another ascending fillout.
Note the gap to 20EMA which could trigger further sell-out if we dip below, where 50EMA is the better indicator for continuation.
The goal is to still maintain closes above 1500 until the outer pattern crossover to create another ascending fillout.
