ETH Short to $1215
ETH short to the $1360 to $1215 area within the next few days to a week, if the current $1,570 support breaks.
Daily 15 EMA and Middle BB are showing $1,570
Fib retrace on daily at 0.786, showing at the $1,450 area and the middle of both of the KC and BB lower channel.
BB and KC lower bands and Fib retrace on daily at 1 collecting at the $1360 area.
BB and KC lower bands in range of ETH log curve green zone 2nd down band.
TTM Squeeze on daily showing down cycle is 5 days into.
MACD showing on daily showing down cycle is 6 days into.
SRSI on daily showing K (blue/fast) at 31 and D (red/slow) at 40. Clear separation between K and D in a downward direction is still present with plenty of room to drop.
Mixed TA on MA/TEMA showing bearish on daily.
Should the $1360 support break, I would expect a 20% - 27% drop from the weekly opening which would put it into the $1,215 area.
Should ETH follow 2018 Log Curve pattern a 27% drop from the weekly opening would repeat history allowing closing in the middle of the log curve green zone.
Enjoy!
Daily 15 EMA and Middle BB are showing $1,570
Fib retrace on daily at 0.786, showing at the $1,450 area and the middle of both of the KC and BB lower channel.
BB and KC lower bands and Fib retrace on daily at 1 collecting at the $1360 area.
BB and KC lower bands in range of ETH log curve green zone 2nd down band.
TTM Squeeze on daily showing down cycle is 5 days into.
MACD showing on daily showing down cycle is 6 days into.
SRSI on daily showing K (blue/fast) at 31 and D (red/slow) at 40. Clear separation between K and D in a downward direction is still present with plenty of room to drop.
Mixed TA on MA/TEMA showing bearish on daily.
Should the $1360 support break, I would expect a 20% - 27% drop from the weekly opening which would put it into the $1,215 area.
Should ETH follow 2018 Log Curve pattern a 27% drop from the weekly opening would repeat history allowing closing in the middle of the log curve green zone.
Enjoy!
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