bionicol

IF ETHEREUM CROSS THE EMA 200 ... NO GOOD

KRAKEN:ETHUSD   Ethereum / Dolar
EMA 200 was the level where Ethereum             rebounded like a rubber ball after the last three important falls forming huge reversal candles.

Now Ethereum             is flirting with EMA 200, and the EMA is not working as a launch base for Ethereum             . This make me believe that Ethereum             will cross the EMA 200.

Last time that Ethereum             crossed the EMA 200 price halved till the basis of this rising channel . A retracement of the same factor which lead Ethereum             from the previous peak to EMA 200.

If Ethereum             cross the EMA 200 and the history repeat... Ethereum             willl go down till 270, the support of the last bull run, maybe touching again the basis of the channel at the end of the first week of may
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