Ethereum (ETHUSD) first red candle in weeks as profit-taking kicks in after ETHUSD briefly tested the psychologically key 400 resistance level.
With the current red candle quickly lengthening reversing most gains over the last two weeks, a bearish Island Reversal could be forming.
Significantly, ETHUSD is testing upchannel support (on the weekly chart). The daily chart provides a clearer set of warnings for bulls with the RSI, and MACD decisively sliding lower.
ETHUSD remains on the upchannel on the weekly and daily charts,until support is broken,the bears are kept at bay
Note : do sells off some eth as instructed from previous post
https://steemit.com/ethereum/@m33lucky/ethereum-ethusd-buy-opportunity-followup
