EthereumShort
Possible pullback to $1400-$1500 before ETH moons to $2000
Daily Chart:
- The daily chart shows that price broke above a key level at $1400 and is due for a pullback.
- Most breaks in price usually like to pullback to "retest" a level before continuing the bull trend.
4H Chart:
- Price is decelerating.
- Price failed to make a higher high
- Bearish MACD
- If you draw in Fibonacci lines price retracement shows that the .618 level is between $1500 and $1400.
1HR Chart
- Price broke below the 50 EMA which increases the probability of a trend change on the 1hr chart.
- More obvious bearish MACD
- Bearish volume can also be observed here as well.
- The daily chart shows that price broke above a key level at $1400 and is due for a pullback.
- Most breaks in price usually like to pullback to "retest" a level before continuing the bull trend.
4H Chart:
- Price is decelerating.
- Price failed to make a higher high
- Bearish MACD
- If you draw in Fibonacci lines price retracement shows that the .618 level is between $1500 and $1400.
1HR Chart
- Price broke below the 50 EMA which increases the probability of a trend change on the 1hr chart.
- More obvious bearish MACD
- Bearish volume can also be observed here as well.
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