ETH going down for the short term

12 янв. 2021 г.

The 50 days moving avg crossed the 2000 moving average and faced a critical resistance there before tanking. It attempted a bounce back up but faced resistance again at the 50day moving avg. The StochRSI also suggest an insuing downtrend. The %D line just crossed below the %K line.

This is my first TA post so take everything with a grain of salt.

Any criticism you give, I will greatly appreciate.

12 янв. 2021 г.

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Don't have a particular reentry price but I am looking at around 800-900 range
The 200MA on the 4hr time frame is located around that area and I suspect it will bounce from there.

12 янв. 2021 г.

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Also important to note that we are seeing higher lows

12 янв. 2021 г.

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Also forgot to add that we can see a clear double top