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keisimo
Dec 14, 2017 8:12 AM

ETHEUR finding resistance to retest ATH 

Ether / EuroCoinbase

Description


Bearish resistance @ 629 but overall bull scenario.
Not enough volume but RSI14 has enough place for a push.
It can slowly reach ATH and bounce back to establish in the 0.236 FIB range

Comment


Another try scenario for resistance level.
Be aware of the BTC pairs to check for BTC dump. If BTC goes deep ETH might break through ATH.

Comment


Next try, here it goes. RSI14 and Stoch looking good.

Comment


After a retracement through 2 FIB bars to reach 50%, ETHEUR now bouncing back.
Long window according to Stoch

Comment


ETHEUR went through 0.236 FIB retracement and found support @ 0.38 FIB (542).
Downtrend confirmed but support looks good. Let's see if it finally corrects to 50%.
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