Ethereum Going For Lower Prices (MA200 Analysis)

30 Eyl 2020

First, we have a few of our classic signals pointing to the bears taking the lead...
Like the break of EMA50 as support and a drop below zero on the MACD.

Now, let's have a close look at MA200 and why I believe Ethereum (ETHBTC) can go lower.

As ETHBTC prices moved above MA200 back in March, a strong bullish wave followed...
After prices peaked 1st-Sept., ETHBTC started to retrace.
Now that this bullish wave is done, we are likely to see MA200 tested as support.

What's your take?

Will Ethereum drop or bounce and continue to grow?

Namaste.