Ethereum - Possible Bearish Move

Although it may seem tempting to put more FIAT to Ethereum, I can see possible bear in the woods.

As BB suggest classic M pattern with:

1, Breakout of first run above upper band
2, Pullback towards the middle band
3, Price move above the prior high but fail to reach the upper band.

Now we are waiting for confirmation of possible bear trend.

Also MACD divergence confirms this.

Kommentar:

As i predicted, support was breached and movement down occured. ETH dependant on BTC (going down too) so when BTC will start rising, ETH should follow.

For now still waiting for more signals so no buying or selling.