\\:UPDATED:// ETH/USD - 4H Charts - Technical Analysis 26/02/18
Dear Viewers,
This is an UPDATE of my previous 4 Hour Chart TA.
The 870$ resistance has fallen !
At this time, ETH is not longer in a Bearish mood, we can see that thanks to the RSI being above 50, but keep in mind that the MACD is still corssing down on the daily charts.
There is a possibility that ETH drops furthermore if it doesn't hold the 870$ position. If it doesn't succeed in going out of that yellow triangle by crossing upwards.
My mood is LONG for daily trading, but still neutral for a mid-term holder.
If ETH breaks through the 900$ resistance level, we will be on a journey to a A.T.H again.
DO keep a 1 Day chart open at all time to double check if the MACD is crossing back up again, normally it should, expect if the bulls can't hold the selling pressure at 870$.
Until ETH breaks out of that yellow triangle, we can't say that ETH is in a fully bullish mood yet. Keep you charts open.
If it does break through the triangle by going crossing upwards, it will go up to the new resistance level : 900$
The market is, as always, unpredictable.
The only thing we can do is to try to figure out WHAT COULD HAPPEN.
Thanks for reviewing my first analysis on trading view, don't forget to follow me and to leave behind any comments on what you think about this.
Raw_Blitz out.
This is an UPDATE of my previous 4 Hour Chart TA.
The 870$ resistance has fallen !
At this time, ETH is not longer in a Bearish mood, we can see that thanks to the RSI being above 50, but keep in mind that the MACD is still corssing down on the daily charts.
There is a possibility that ETH drops furthermore if it doesn't hold the 870$ position. If it doesn't succeed in going out of that yellow triangle by crossing upwards.
My mood is LONG for daily trading, but still neutral for a mid-term holder.
If ETH breaks through the 900$ resistance level, we will be on a journey to a A.T.H again.
DO keep a 1 Day chart open at all time to double check if the MACD is crossing back up again, normally it should, expect if the bulls can't hold the selling pressure at 870$.
Until ETH breaks out of that yellow triangle, we can't say that ETH is in a fully bullish mood yet. Keep you charts open.
If it does break through the triangle by going crossing upwards, it will go up to the new resistance level : 900$
The market is, as always, unpredictable.
The only thing we can do is to try to figure out WHAT COULD HAPPEN.
Thanks for reviewing my first analysis on trading view, don't forget to follow me and to leave behind any comments on what you think about this.
Raw_Blitz out.
Now we need to keep an eye open on that green dotted triangle, ETH should follow it, but again I cant´t say for sure. IF it does, the bullish will have war against the resistance level at 900$, the bulls really need to get above it if they want ETH too begin a new journey to a new A.T.H.
Keep an eye on my Chart.