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