#Ethereum = Daily Analysis – No Recovery Yet = 25.06.2021 #ETH $ETH #investing #charts #trading #cryptocurrency

Tomorrow is the weekly cut-off and today I will focus on the damages done and the possible ones for tomorrow. Let’s looks at the monthly, weekly and daily candle charts.

Monthly
– RSI is falling down;
– PSAR flipped bearish a few days ago;
– price needs to close below $1740 on June 30 to confirm the trend down. It is $1840 as I type.
Odds: Bearish

Weekly
– high odds of forming Three Black Crows;
– price needs to close below $1740 tomorrow to confirm the trend down. It is $1840 as I type.
Odds: Strong Bearish

Daily
– Candles completed a Falling 3 Methods, a strong bearish continuation combo that I forecasted yesterday;
– price broke below 200 MA
Odds: Strong Bearish

Forecast

Tomorrow there is a chance of mini rally to test the 200 MA from below and, after that, ETH is expected to move lower. $1840 is the level to watch at the closure. The possible implications are above.

ETH remains under significant bearish pressure on all frames. So far, no candle structure signals a bullish reversal.

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Previous Daily:

Previous Weekly:

Previous Monthly:

The call on May 16:

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