Hello everyone,
Welcome, today, I'm starting a weekly TA on ETH. Let's dive in:
Currently, there is strong support ~ $1044 area. Trying to break above $1277 resistance. Since August, ETH has been in a downward trend bouncing around the $1500 area and testing support at about $1044. There is a possibility for it to fall further to test the $1155, and $1044 support area again but a break above $1277 could take it to $1445 and a break above that would lead to testing another resistance at around $1539.
MACD and RSI
On the daily, it's not looking too bright. RSI is below the 50 center line and looking slightly bearish. MACD looks like it will be converging and turning from green to red as it is looking to fail to break above 0.
PT: $1445
Downside PT: $1155
As always, not financial or sexual advice. I eat crayons for breakfast.
Welcome, today, I'm starting a weekly TA on ETH. Let's dive in:
Currently, there is strong support ~ $1044 area. Trying to break above $1277 resistance. Since August, ETH has been in a downward trend bouncing around the $1500 area and testing support at about $1044. There is a possibility for it to fall further to test the $1155, and $1044 support area again but a break above $1277 could take it to $1445 and a break above that would lead to testing another resistance at around $1539.
MACD and RSI
On the daily, it's not looking too bright. RSI is below the 50 center line and looking slightly bearish. MACD looks like it will be converging and turning from green to red as it is looking to fail to break above 0.
PT: $1445
Downside PT: $1155
As always, not financial or sexual advice. I eat crayons for breakfast.
Comment:
Tested and failed.