ETH/USDT
As we all know, Ethereum is on a downtrend. But not only Ethereum but also other cryptocurrencies. If we take a closer look at Ethereum, we see that the market has fallen sharply since December 28. Is there really a market crash? Well I don't think so the price has touched a strong support level (2322.59) fib level (0.236) and is regaining strength. Also the market is looking to retouch the trendline or retouch price level (2763.82). Price is to much oversold so on a short term we will look for buy options!
NOTE:
BROKE 200 EMA.
Hit strong support level.
Formed an abcd pattern.
Price to much oversold on RSI.
As we all know, Ethereum is on a downtrend. But not only Ethereum but also other cryptocurrencies. If we take a closer look at Ethereum, we see that the market has fallen sharply since December 28. Is there really a market crash? Well I don't think so the price has touched a strong support level (2322.59) fib level (0.236) and is regaining strength. Also the market is looking to retouch the trendline or retouch price level (2763.82). Price is to much oversold so on a short term we will look for buy options!
NOTE:
BROKE 200 EMA.
Hit strong support level.
Formed an abcd pattern.
Price to much oversold on RSI.