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

in #ethereum7 years ago (edited)

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:

Screen Shot 2017-07-16 at 2.57.26 PM.png

4-hour price chart with pivot band:

Screen Shot 2017-07-16 at 2.59.28 PM.png

Trendline: Support and Resistances

Screen Shot 2017-07-16 at 3.00.20 PM.png

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.

Screen Shot 2017-07-16 at 3.11.07 PM.png

Ichimoku also signaling strong bearish ETH/USD market:

Screen Shot 2017-07-16 at 3.11.49 PM.png

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

Screen Shot 2017-07-16 at 3.12.58 PM.png**

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

UpVote if you find it helpful, Resteemit to spread the words, Follow Me for more updates and cryptocurrency technical analysis.

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very usefull....upvote and follow you

It looks like the pendulum may swing back to April prices.

informative..thanks
followed you.

tell me your tradinview id, and then you can use it

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