ETH obviously disappoints its believers by its recent performance. However, judging by the 40 days WMA (white dotted) the bull is well alive and I expect its influence to hold the market (low $400 area.)
If the bounce is powerful enough the disappointment should stop with a daily close above $439
Otherwise, we are looking to get lower to $385 and even down to $363 if decline gets enough momentum.
https://www.mql5.com/en/charts/8007736/ethusd-h4-simplefx-ltd
My own analysis is very close to your numbers. Thank you for taking the time help me understand the world of TA. BTC is sucking all of the air out of the room.
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seems everyone is moving to btc before futures on the 10th, will be interesting to see if a btc correction happens soon after then
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