ETHUSDT Directional Analysis May 08 2022
ETH in a macro flat correction .
Currently making an internal expanded flat.
W macd crossed negative
W RSI facing trendline resistance
ETH 3D macd continues to control the downward trend
Price nearly hit the M21ema at 2480 from the initial breakout 3150
2850-3150 was the pivot point for reistance
The next pivot point will be 1932-1710
Targets below the M21 are still the same at
0.786fib-2111
0.888fib-1914
100% retracement 1710
ETH in a macro flat correction .
Currently making an internal expanded flat.
W macd crossed negative
W RSI facing trendline resistance
ETH 3D macd continues to control the downward trend
Price nearly hit the M21ema at 2480 from the initial breakout 3150
2850-3150 was the pivot point for reistance
The next pivot point will be 1932-1710
Targets below the M21 are still the same at
0.786fib-2111
0.888fib-1914
100% retracement 1710
