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
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