ETHUSD retesting 500$ ?
Last time we had a wedge on the 4h chart and it went bearish.
Time for an analysis on the bigger picture on the daily chart:
- closing candle below the 21 EMA.
- RSI touching on the 50.
- MACD crossing bearish.
Next support level is around 540$, but imo we can go lower to retest 500$ (ofcourse a big even number).
It's close to the green support line, would be a healthy touch before we go back up in the long run.
So are we getting into a potential buy-in zone?
Time for an analysis on the bigger picture on the daily chart:
- closing candle below the 21 EMA.
- RSI touching on the 50.
- MACD crossing bearish.
Next support level is around 540$, but imo we can go lower to retest 500$ (ofcourse a big even number).
It's close to the green support line, would be a healthy touch before we go back up in the long run.
So are we getting into a potential buy-in zone?
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