COIN NAME : $ETH
Trade Type : Short ๐ฅ
In the 15-minute chart, Ethereum's 13 EMA and 21 EMA have crossed below the 50 EMA and 200 EMA, forming a death cross pattern. โ ๏ธ Additionally, Ethereum has broken down the 200 EMA, adding further confluence of bearishness. ๐
In the 1-hour chart, we can spot a perfect bearish divergence, adding to the confluence of bearish signals for Ethereum. ๐ With the death cross in the 15-minute chart and this divergence, the downside momentum seems to be building.
Traders should remain cautious and monitor key support levels for potential breakdowns. ๐ Letโs wait for further confirmation before taking action! ๐จ
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