Auguraltrader

AT CryptoScan: ETHUSD & friends to take a tumble

Short
BINANCE:ETHUSD   Ethereum
Time has come for a crypto pullback

Here with the ETHUSD weekly chart, it shows...

1. Lower high done, failing resistance level, and looking for lower low now
2. VolDiv bearish divergence (red arrow) as well as VolDiv crossing down (red circle below)
3. MACD weakening and Signal crossing down into bear territory
4. Pattern recognition projects 1600 downside target

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.