Hi friends, welcome to this update analysis on ETH. As we can see in the 1-day chart ETH has reached the potential support level i gave you in the last analysis pretty fast.
It has now reached this support line 2 and we can see that there are not really much bullish signs, in my opinion we will break this support level in the next time.
The next step would be the 161.8 % retracement mark or the pink dashed trendline.
MACD is still bearish and no signs to close a bullish cross.
Thank you friends!
Good luck with your trades.
It has now reached this support line 2 and we can see that there are not really much bullish signs, in my opinion we will break this support level in the next time.
The next step would be the 161.8 % retracement mark or the pink dashed trendline.
MACD is still bearish and no signs to close a bullish cross.
Thank you friends!
Good luck with your trades.