ETH has support at around 900. The Hanging man indicated by the yellow area shows that buyers are pushing back. Also, we can see 2 almost consecutive DOJIS as indicated by the arrows. We're still in a major advance . BUT, there are two warning signs. First, there has a Head and Shoulders pattern formed at the end of this advance and the Shooting Star indicated by the area in red shows that ETH has lost momentum.
ETH will decide by either breaking through the trend line and thus the support initiating a new downward trend OR it will move up going trough the resistance line. Let's see what happens!
ETH will decide by either breaking through the trend line and thus the support initiating a new downward trend OR it will move up going trough the resistance line. Let's see what happens!