empty
 
 
16.09.2022 05:25 PM
Ethereum close to triggering bearish pattern.

This image is no longer relevant

Blue line- neckline support

Red lines- Head and shoulders pattern

Ethereum bulls fail to hold $1,500. Price is very close to breaking below the neckline support and triggering the activation of the bearish Head and shoulders pattern. Ethereum has major support at $1,450-$1,500. The RSI is not at oversold levels. Price can easily continue lower. Ethereum remains vulnerable to a move lower. Resistance is at $1,788 and as long as price is below this level, we remain bearish.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback