ETH Ethereum: 4H Chart Update
Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Ethereum (ETHUSD).
Ethereum price is in a downward trend with the price currently sitting at the 0.236 Fibonacci Retracement level. It may make an attempt to get back to the top of the local resistance line where the Ichimoku Cloud and 0.382 Fibonacci Retracement level is. If price falls, expect it to get to the support line. Keep in mind, RSI is below the S/R line and may make an attempt to get back above it. MACD went bearish. MFI is almost at the apex of a triangle. Volume is consistent.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Ethereum price is in a downward trend with the price currently sitting at the 0.236 Fibonacci Retracement level. It may make an attempt to get back to the top of the local resistance line where the Ichimoku Cloud and 0.382 Fibonacci Retracement level is. If price falls, expect it to get to the support line. Keep in mind, RSI is below the S/R line and may make an attempt to get back above it. MACD went bearish. MFI is almost at the apex of a triangle. Volume is consistent.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
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