Ethereum Will Follow Bitcoin Down

27 באוק׳ 2021

The bearish divergence on the ETHUSD (Ethereum) chart has been present since August.

The 21 and 27 October candles both closed bearish with long upper wicks.

We have a rising wedge that is also breaking bearish and prices moving below EMA10.

Ethereum will follow Bitcoin on the way down.

This chart is telling us that prices can easily continue lower.

Looking at the recent action, this can be a considerable drop.

I believe this will go fast and strong.
Something like 7-Sept.

You can visit my Bitcoin analysis on the "related ideas" below for additional information.

Thank you for reading.

Namaste.