ETHUSD only $28 Away from MAJOR SUPPORT
Hey guys check it!
ETHUSD just broke a major trend line!!! (Oh
H*t) Things are not looking good, on the other hand there is a major opportunity to short this pair along with LTC, XRP, and BTC of course. Currently BTC just broke the bear flag that it has been consolidating in the past couple days, and now it's dropping like a stone!!
There was just a huge spike in selling volume also on the 4hr BTC chart, so this along with a break of the bear flag is a sure sign that the bears are coming and have not left yet. If ETHUSD can hold this strong support level at $397 (in red) then things will be looking okay. On the flip side, if that level breaks and is confirmed as new resistance, ETHUSD could be in some trouble!
~Mainstay
**This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
ETHUSD just broke a major trend line!!! (Oh
H*t) Things are not looking good, on the other hand there is a major opportunity to short this pair along with LTC, XRP, and BTC of course. Currently BTC just broke the bear flag that it has been consolidating in the past couple days, and now it's dropping like a stone!!There was just a huge spike in selling volume also on the 4hr BTC chart, so this along with a break of the bear flag is a sure sign that the bears are coming and have not left yet. If ETHUSD can hold this strong support level at $397 (in red) then things will be looking okay. On the flip side, if that level breaks and is confirmed as new resistance, ETHUSD could be in some trouble!
~Mainstay
**This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
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