Take a look at the highlighted candled (yellow) on the chart... This red/ candle is also high and signals that ETHUSD can easily move lower now.
We also have another candle developing now with prices moving below EMA10.
When a pair moves below EMA10, we switch our potential from to .
Bitcoin ( BTCUSD ) and Ethereum ( ETHUSD ) tend to move together.
We've been on Bitcoin since prices peaked and haven't been able to break the $10,500 resistance.
Now, ETHUSD is also looking like a drop .
The indicators are also turning .
Conditions for change
If prices move and close above the last high (marked with a bold magenta dashed line), this whole setup is invalidated and a new analysis is needed.
Click below to see a long-term chart for...
Thanks a lot for your continued support.