Ethereum is on a clear downwards channel. I expect this trend to continue for a while. Ichimoku looks bad. RSI looks bad. Also, as Joker-01 pointed out, looks like a Head and Shoulders pattern just formed.
We will probably see a bounce off the 0.093 support line, or perhaps even lower at 0.086. I highly doubt we will see a fall below there.
As I said previously, I've sold half my ETH at 1.20 and I'll buy again closer to 0.93.
We will probably see a bounce off the 0.093 support line, or perhaps even lower at 0.086. I highly doubt we will see a fall below there.
As I said previously, I've sold half my ETH at 1.20 and I'll buy again closer to 0.93.
Comment:
Potential head and shoulders. Might see more downtrend
Potential head and shoulders. Might see more downtrend
Downtrend continues. No sign of a reversal yet. Potential reversal points marked.