ETH.BTC (Y20.P6.E1).Macro.More bearish still
Updated
Hi All,
As you can see, its broken a key support trend line.
It seems on the weekly we still have more downward pressure and in my opinion, the next level is here with a possible reversal.
As per my chart, I have the ABCDE spanning wedge confirmed and there are 2 levels...I think this is the next target.
Note the bearish signs on the weekly indicators...they all back each other.
On the 2 day, we are looking like having a bounce however short lived.
If you see a bullish candle, flip for the short term but short it at a key level.
Regards,
S.SAri
As you can see, its broken a key support trend line.
It seems on the weekly we still have more downward pressure and in my opinion, the next level is here with a possible reversal.
As per my chart, I have the ABCDE spanning wedge confirmed and there are 2 levels...I think this is the next target.
Note the bearish signs on the weekly indicators...they all back each other.
On the 2 day, we are looking like having a bounce however short lived.
If you see a bullish candle, flip for the short term but short it at a key level.
Regards,
S.SAri
Note
wasn't far off to the blue resistance lineNote
That bullish div. gave it a bounce more than I expected. currently resistance area and it seems $740 for ethereum. 
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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