ETH/USD currently moves within an ascending channel and has diverged with the Moving Average.
MACD and cRSI remain neutral and the total volume remains low which indicates that there is an overall low participation. We can expect the price action to continue its sideways drift.
In case of a bearish breakout of the current price channel, we might have another buy opportunity at the intersection of the major Support Line with the Fib 50.0/61.8 Key Levels.
Buy Zone: 1.167-1.190 USD
BASIC, PLAIN and SIMPLE.
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MACD and cRSI remain neutral and the total volume remains low which indicates that there is an overall low participation. We can expect the price action to continue its sideways drift.
In case of a bearish breakout of the current price channel, we might have another buy opportunity at the intersection of the major Support Line with the Fib 50.0/61.8 Key Levels.
Buy Zone: 1.167-1.190 USD
BASIC, PLAIN and SIMPLE.
Liked this technical analysis? Follow me for more free technical analysis and high-quality content.
Telegram: t.me/@hodlgang_germany
Twitter: twitter.com/wesker_crypto
Steemit: steemit.com/@wesker
Comment:
The price action followed the ascending channel and has now reached the previous ATH. At this point, we need to wait for a clear breakout that would provide a bullish signal.
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