Ethereum Technical Analysis : $160 support broken, further decline to $135 once price close below $154 S2 support

Hey folks,

I hope you guys made enough profits by the trading signal :)
As I have posted about major decline is going to happen from $188 to $160 [ ETH/USD pair ] on my telegram channel yesterday : Crypto Trading Technical Analysis, since price broke the major support level.

Further decline is bound to happen when price close below $154 S2 support of pivot band.

1-hour price chart with pivot band:

4-hour price chart with pivot band:

Trendline: Support and Resistances

Keep an eye on RSI & stochastic RSI as RSI is in oversold region, it will rebound a bit to make further downward movement as MACD is strongly bearish.

Ichimoku also signaling strong bearish ETH/USD market:

Volume Analysis: Also indicating further losses as no Volume divergence found with respect to Price

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Must Read : Don't Panic: soft fork or hard fork is good for Bitcoin !!

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