Chivashon

$ETH $ETH.X - Etherum Running out of Steam?

BITTREX:ETHBTC   Ethereum / Bitcoin
Etherum has risen from the dead but it appears a retracement is about to occur. Heikin Ashi candles are starting to diminish and volume is starting to slow. Stoch is oversold and the K & D lines are about to cross. Good news is we are above the 50 period and the 200 period moving averages which is a good sign for longer term grown. The two averages have almost crossed and they may briefly as long as the bullish trend continues.

IF we retrace, their will be support at the 50 period MA near 0.06501 sat area. I hope we bounce back and continue the trend but expect a retracement soon.

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