LONG ETH Detailed Analysis! (Long) Read Disc.
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Okay. I've made this analysis depending on multiple trading strategies, Which ill be explaining below.
ETHUSD Is on a Bullish trend , but according to RSI , is currently in the OverBought region, Which indicated a retracement before continuing with the trend. The retracement should be around the 362 area which is the next resistance line. The retracement should take it back to 310 or 280 according to Fib retracements.
Now looking at long term analysis, According to Gann Fans, ETH has crossed the 1/1 region and at approximately 390 it will cross the 2/1 region which could indicate a big pump to high levels.
Disclaimer: This analysis is based on my thoughts and should be followed with your own responsibility.
ETHUSD Is on a Bullish trend , but according to RSI , is currently in the OverBought region, Which indicated a retracement before continuing with the trend. The retracement should be around the 362 area which is the next resistance line. The retracement should take it back to 310 or 280 according to Fib retracements.
Now looking at long term analysis, According to Gann Fans, ETH has crossed the 1/1 region and at approximately 390 it will cross the 2/1 region which could indicate a big pump to high levels.
Disclaimer: This analysis is based on my thoughts and should be followed with your own responsibility.
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