ETH/USD Bearish outlook on the hourly
Like with with ETH/EUR pair, We are seeing rising wedge formations. When these wedges break I am seeing high a probability for more downward movement. The Oscillators based on most recent trends are indicating the right type of momentum buildup for another downturn in Mays market conditions.
On a side note ETH had a huge fall some hours ago that was nothing short of parabolic. We say a very powerful downward movement, within literally seconds we saw the floor become the ceiling. If this move was some how synthetic, the near future might contain unexpected surprises, so my stop losses are strategically placed.
Good Hunting.
On a side note ETH had a huge fall some hours ago that was nothing short of parabolic. We say a very powerful downward movement, within literally seconds we saw the floor become the ceiling. If this move was some how synthetic, the near future might contain unexpected surprises, so my stop losses are strategically placed.
Good Hunting.
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