AT CryptoScan: ETH technically to suffer downside risk
A lot is happening in all markets and this adds to volatility.
Looking technically at ETH, it is obvious that there is more downside, having just clocked a low that broke down the LH/LL pattern (blue lines) support (yellow line). It had recently broke out of a range (grey box) and broke back in to fall out on the underside, happened to break down the second time today.
These came after clear failure to break above the TDST 1842 resistance (Green dotted line). TD Sequential put the Bear trend in force and alongside with this, MACD has crossed down into bearish territory, VolDiv is turning back down in negative territory and the MERSPE (Mercury) cycle peaked and is turning down again.
Fair warning... ETH has downside riskm clear and present; downside target point about 900-940.
Looking technically at ETH, it is obvious that there is more downside, having just clocked a low that broke down the LH/LL pattern (blue lines) support (yellow line). It had recently broke out of a range (grey box) and broke back in to fall out on the underside, happened to break down the second time today.
These came after clear failure to break above the TDST 1842 resistance (Green dotted line). TD Sequential put the Bear trend in force and alongside with this, MACD has crossed down into bearish territory, VolDiv is turning back down in negative territory and the MERSPE (Mercury) cycle peaked and is turning down again.
Fair warning... ETH has downside riskm clear and present; downside target point about 900-940.
