In this video i want to show my point of view on the Ethereum (ETH/USD) chart :
Reasons why im looking at it :
- We are at a "Market Top"
- Uptrending trendline at market top
- Small RSI divergence
- Market structure
We have to hold the key supports to stay "safe" , if we dont hold these lows we will probably get and retracement , back to the 500 dollar area.
This would be a similiar retracement as the BTC retracement that we are currently seeing.
Reasons why im looking at it :
- We are at a "Market Top"
- Uptrending trendline at market top
- Small RSI divergence
- Market structure
We have to hold the key supports to stay "safe" , if we dont hold these lows we will probably get and retracement , back to the 500 dollar area.
This would be a similiar retracement as the BTC retracement that we are currently seeing.