- Consecutive attempts to break above 200 MA on 1HR and rejected every time
- Considerably larger sell volume on the second drop
- Forming a clear bearish pennant
- Downwards break in wedge could result in violent downwards move to .029000 then .028000 area
Fundamentals:
- Serenity "Ethereum 2.0" with scaling solution estimated to not be ready until 2020, which is like a decade in the crypto-world, enough time for people to lose faith/panic sell out
- Lots of downside considering the downtrend in overall market cap, its multi-billion dollar valuation, and XRP stealing its #2 spot
- The more ALTS drop, the more people will exit into bitcoin, causing ETH/BTC to dump
- Considerably larger sell volume on the second drop
- Forming a clear bearish pennant
- Downwards break in wedge could result in violent downwards move to .029000 then .028000 area
Fundamentals:
- Serenity "Ethereum 2.0" with scaling solution estimated to not be ready until 2020, which is like a decade in the crypto-world, enough time for people to lose faith/panic sell out
- Lots of downside considering the downtrend in overall market cap, its multi-billion dollar valuation, and XRP stealing its #2 spot
- The more ALTS drop, the more people will exit into bitcoin, causing ETH/BTC to dump
Nota
Boom. Broke through wedge support. Closed at 290, looking for reentry.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.