ETH LOOKING LIKE DEATH! för BITSTAMP:ETHUSD av CM_Trades

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ETH has run up extremely nice over the past few days BUT if this candle closes like this, we are in BIG BIG trouble
We have moved off nicely from the support OB and pushed through the 13EMA, using it as support on the retest but we have run into supply around $108
The monthly open was a level to watch to rejection but it doesn't see likely at the moment
A Daily close in this fashion will most likely result in a retest of support around $92
Only thing bulls can hope for now is a better Daily close or a proper defense of that $92 area
The upper supply OB, which coincides with the 48EMA are the next possible target if ETH can break out from here

Thanks guys!

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