$Eth short

٦ مايو ٢٠١٨

This is just a simple chart showing I think its timer ETH to have some red and a minor correction before we re evaluate but in this case ETH is gradually losing momentum and volume so a drop to the black box is in order. We haven't truly came back down and tested the blue downtrend line as support yet after it has been a good resistance point for months and also the red trend line has served amazingly as a great support and resistance line for the long term so for them too meet up together along with the 200MA and .382 fib lines as well sure seems like a very good area for support and for a strong bounce to continue the uptrend! Following this the 50MA should cross above 200MA to create a future support.