ETH... short term and long term review

Hi everyone

Ethereum on the shorter timeframe charts is moving into a descending channel.

from intraday charts view we can see more strength and volume that may cause the

price push upside a little more to test our channel's topline again.

however on the longer timeframes things may little different.
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on the weekly chart MACD line crossed signal line and histogram pushed into the

negative side. price is still below the daily 21MA. indicating more downward pressure.

so in my view in shorter timeframes we may see a limiter upward pressure but in longer

timeframes (more than daily chart) we may still move downside. let's see

Enjoy the market

Kommentera:

we are still moving into a descending channel and I assume for new uptrend takes more time.