BINANCE:ETHBTC   Ethereum / Bitcoin
585 0
Hi Guys
This is Bijan back again from AtlasTED team. Is Ethereum going to wake up?
See below my analysis:

1 D timeframe:

It is showing good support for 7 days in the Support Zone and you see the RSI is getting out of oversold zone, and a small failure swing is spotted.
If the bearish RSI channel is broken then I believe it can be good trigger to enter the market.

4 Hour timeframe:

We see a double bottom is forming, a divergence in price and RSI and MACD is opposite.If the neck line is broken, the it can be a good sign to enter.

It is my own analysis and the risk-reward should be considered by YOU

God bless

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