birdy619

Bullish Cross Weekly Stock RSI

COINBASE:ETHUSD   Ethereum
even though we have printed a bear flag it is still possible that we break out to retest the 4 hour 200 MA with a price target of 180-190 if we break upwards. some things that are making me lean bullish the patterns produced on the CCI and the RSI. The RSI has yet to to break out into the overbought zone so it is very possible in this tightening rang we would be more likely to break up than down, and if you look at the daily rsi we have yet to cross the 50 on the indicator. so if we do get a pullback we will retest strong support between $100-$120 dollar range and then make move up towards $180 . i still believe the daily rsi is showing plenty of room to move up. the weekly stochastic RSI is showing signs of a bullish cross incoming. the potential cross indicates that we are on the verge of bottoming out soon. we still have a long way to go before we make new all time highs but we are getting closer.

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