brandonreymejia

1 day Ethereum Outlook

Short
BITSTAMP:ETHUSD   Ethereum
On the 15 minute and 30 minute, the MACD has crossed below the signal line. The 5, 15, and 30 minute RSI is already at the oversold region.

Looking a the MACD on the 45 minute, volume is decreasing, hence causing the MACD to go below the signal line. Once confirmation, the price of Ethereum will go down.

I also have looked the TOTAL2 chart and there has already been confirmation that the MACD has gone below the signal line and the RSI on the TOTAL2 is also heading towards the oversold region.

So this is a bearish momentum forming.

NOT FINANCIAL ADVICE. PLEASE DO YOUR OWN RESEARCH!
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