ETH/USDT currently looking weak

Hey traders 👋

Let's start this day with ETH analysis here on daily chart. We witnessed a nice rejections which we have been talking about for some time now. Price broke our "supertrend" here and RSI had a nice turnover but we see a last push to happen here after what we might see a nice drop to lower trend line (Greenish zone).

What we will do here is to wait for that Yellow zone to be broken and secured from where we will be more certain that price will go for those EMAs!

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Yours Sincerely,

Swallow Team 🔱


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.