Hi welcome to this update on ETH.
As we see on the 1-day chart ETH is moving slowly from the support level that i gave in my last analysis (dashed in blue).
Also it pushed slightly above the pink trendline wich i expected that we will hit this trendline or otherwise pull up a little bit more, thats happens.
BTC is confirming the 0.786 retracement now as support, the next level would be the 0.618 wich witch we will testing.
Please have a look on the RSI it is already really oversold! witch means we are likely to go up from here!
Also the MACD is slowly forming a bullish cross.
Have luck with your trades!
As we see on the 1-day chart ETH is moving slowly from the support level that i gave in my last analysis (dashed in blue).
Also it pushed slightly above the pink trendline wich i expected that we will hit this trendline or otherwise pull up a little bit more, thats happens.
BTC is confirming the 0.786 retracement now as support, the next level would be the 0.618 wich witch we will testing.
Please have a look on the RSI it is already really oversold! witch means we are likely to go up from here!
Also the MACD is slowly forming a bullish cross.
Have luck with your trades!
Comment:
Looking at the 50 EMA to touch and find support.
