I have always used EMA90 and EMA120 for long decisions in relation to ETH and has always paid off. Whenever there is a crossover proximity between both there seems to be a huge breakout (marked by blue arrows). This has been historically my best support indicators. I also seem to notice a large possible H&S (volume seems to support the hypothesis) -> This is a long shot. If this is the case, it is very crucial to see if the crossover support holds at around 0.06 BTC. If you factor in Fib levels this is very close to 0.236 fib and the neckline. Immediately I see a drop to 0.075 being imminent and a slight deadcat bounce before falling to the 0 fib level. It is very important to see if it breaks down on the neckline.
P.S. The entire action is expected to happen in 1-2 months even though I have showed the projection to happen for short.As always do your research. I have always loved ETH and hope this does not happen. May be casper announcement will take it to the moon.
P.S. The entire action is expected to happen in 1-2 months even though I have showed the projection to happen for short.As always do your research. I have always loved ETH and hope this does not happen. May be casper announcement will take it to the moon.
Comment:
Things are moving as predicted. $ETH is approaching the Danger Zone faster than expected. I am still bearish as the whole market is bad.
Comment:
$ETH has touched down 0.23 fib level. Watching every development crucially. Casper development update is crucial at the moment.