ETH has been trending up but within the channel. This pull back will be quick (less than a week) and to the 2430 range.
1. ETH has bounced off the top of the channel 3 times and is currently sitting at/near that top.
2. RSI is nearing overbought and even if it isn't overbought, how much upside pressure is there near the top of the channel.
3. MACD is also nearing the top of the range giving a better chance or turning negative then continuing positive.
Worst case, ETH trades sideways for a while or it resets to 2430 and gets momentum to get through the top of the channel.
Anyone else seeing the same thing?
1. ETH has bounced off the top of the channel 3 times and is currently sitting at/near that top.
2. RSI is nearing overbought and even if it isn't overbought, how much upside pressure is there near the top of the channel.
3. MACD is also nearing the top of the range giving a better chance or turning negative then continuing positive.
Worst case, ETH trades sideways for a while or it resets to 2430 and gets momentum to get through the top of the channel.
Anyone else seeing the same thing?