Ethereum macro in danger

٢٥ أغسطس ٢٠١٩

Ethereum is looking weak, we are in a delicate position at this moment. We ducked below the .618 at 191, broke below the daily 200 MA, not only that but we are on a fast track to a death cross on the 1D. As far as market cypher goes the daily VWAP is currently crossed down (not a good sign) if we close this low we could be headed back down once again.

٢٦ أغسطس ٢٠١٩

ملاحظة

Now that’s what I like to see. I opened a long at 186 because of a trigger wave on market cypher. We’re on the fib level if like to see us hold this as support then continue higher

٢٦ أغسطس ٢٠١٩

ملاحظة

٢٦ أغسطس ٢٠١٩

ملاحظة

The fib is holding support for now. Yellow x’s on the 1D is a bad sign. Death cross still on course. Maybe we test the next fib as resistance then further down we go.

٢٦ أغسطس ٢٠١٩

ملاحظة

Now that I think about it if we can’t get above that 200 MA then we’re in a very bearish trend