ETHUSDT Analysis May 18, 2022
We are still Bearish on Ethereum, 
ETH since early April. We did have a Bear Flag formation similar to the Bitcoin, BTC chart. The Horizontal Support Line at ($1928) was shattered and then reclaimed as Support. The Daily Downtrend Line has also been broken, reclaimed, and is now trying to hold. We are down around 44% since the indicators started and that ($3,500) Resistance Area. The Daily Downtrend Line unfortunately (or fortunately) has a triangle formation at the ($1,414) Support Area (not visible on this chart). It also forms a triangle at the ($725) Support Area...?
Not Financial Advice...Trade with Confidence and Control.
ETH since early April. We did have a Bear Flag formation similar to the Bitcoin, BTC chart. The Horizontal Support Line at ($1928) was shattered and then reclaimed as Support. The Daily Downtrend Line has also been broken, reclaimed, and is now trying to hold. We are down around 44% since the indicators started and that ($3,500) Resistance Area. The Daily Downtrend Line unfortunately (or fortunately) has a triangle formation at the ($1,414) Support Area (not visible on this chart). It also forms a triangle at the ($725) Support Area...? Not Financial Advice...Trade with Confidence and Control.
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tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
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