Eth definetely looks like it wants to go lower
Hello,
See the oscillations eth is making around it's very shallow almost flat uptrend medianline (Red dashed line) ?
Well it seems that ETH next logical target due to the oscillations is around 145. There's also a bad Omen, it failed to reach it's downtrend median line which it reached the prior 2 runs. This is a sign of real weakness. Best case scenario we bounce of the median line at 173, though I wouldn't bet on it... Well maybe a small bet...
Also the RSI is still shifted downwards signalling that we've not yet exited the downtrend.
See the oscillations eth is making around it's very shallow almost flat uptrend medianline (Red dashed line) ?
Well it seems that ETH next logical target due to the oscillations is around 145. There's also a bad Omen, it failed to reach it's downtrend median line which it reached the prior 2 runs. This is a sign of real weakness. Best case scenario we bounce of the median line at 173, though I wouldn't bet on it... Well maybe a small bet...
Also the RSI is still shifted downwards signalling that we've not yet exited the downtrend.
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