Highest_High

ETH RSI REVERSAL

Long
INDEX:ETHUSD   Ethereum
ETH Weekly RSI has been in downtrand for most of 2021 until recvently where there has been a trend reversal marked by first higher low and higher highs.

Thing to watch:
RSI breakout of the resistance line.
RSI at each resitance.
How does RSI respond to resistance?

What to expect:
RSI to reach the highlighted box.
As ETH is in ATH territory the moon is the limit. I would expext 10k to be reached pretty swiftly after RSI breakout of resistance line.
Potential flush incoming, before continuation upwards.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.