ETH Twists & Turns, Overall Bearish.

25 feb 2018

ETH 1D chart is showing a strong overall bearish movement and could possibly form a Gartley or Butterfly or H&S. All of them shows the market could take a wrong turn and bears will defeat bulls in coming weeks. From the patterns, one of the possibility is that ETH can retest its bullish strength to fight bears at 770ish resistance. IF fails then boom and it will break the current support and will go back to the previous support which is arround 530ish area.

MACD is not looking so good and going to cross the 26 line which is a strong sign of down trend. RSI is again < 50 (what else are you looking for). When looking at volume histos, newbies are scared already.

Grab a pack of popcorn and some snacks with chili dip to watch some spicy dips.

PLAY at your own risk. see ya!!