AlanSantana

Ethereum Prepares For Correction (30% Drop Possible)

Short
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum ( ETHUSD ) is not as weak as Cardano or Solana which we just looked at (check related trade ideas below) but also aiming lower.

Right now support is set at $4114 or EMA50.
Below this level, we can see a strong correction take place.

We have the RSI moving below 50 and the MACD trending down strong.

We will go for MA200 first or $3112 and reach up to $2760.

We become stronger after the correction.
Be wise.
Be patient.
We are here long-term.

Namaste.
Comment: We are still tracking this analysis.
This might be only the beginning.
Comment: Looks like it will be going down after a lower high...
New update coming out soon.

πŸ”Charts & Free PREMIUM Trades On Telegram
βœ… https://t.me/ascryptocurrency

πŸ”₯ 4 PREMIUM Telegram channels
πŸ“© Email me to join now! ascryptotrades@pm.me
------------
🌟Binance Calls (BC)
πŸŸ₯Trading Crypto (TC)
πŸ”ΉLeveraged Trades (LT)
🟒Trade Stable (TS)