ETH/USD - Ethereum loses $2,800 Support. $2.5k Next! ð
ETH has lost the key support at $2,800 and now today's candle may close under it.
If that happens, it is hard to be bullish and the most likely scenario is a re-test of $2,800 as resistance. Then down we go.
The next key support will be found at around $2,500. If that fails, we have the next level at $2,200 which was the bottom of the previous dump.
Bias is bearish and the MACD also did a negative crossover today. Not fun bro.
Bounces are for selling/shorting. Do not buy and HODL now as that means only one thing = you lose over time. We need to find a bottom first and that may be quite a distance away from here.
Bias is bearish. Only if ETH reclaims $3k I may change my bias.
Like and follow if you liked my idea!
If that happens, it is hard to be bullish and the most likely scenario is a re-test of $2,800 as resistance. Then down we go.
The next key support will be found at around $2,500. If that fails, we have the next level at $2,200 which was the bottom of the previous dump.
Bias is bearish and the MACD also did a negative crossover today. Not fun bro.
Bounces are for selling/shorting. Do not buy and HODL now as that means only one thing = you lose over time. We need to find a bottom first and that may be quite a distance away from here.
Bias is bearish. Only if ETH reclaims $3k I may change my bias.
Like and follow if you liked my idea!
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Likes and follows appreciated! ð
