giorgiovie

ETH fake or real move ?

BINANCE:ETHUSDT   Ethereum / TetherUS
ETH is moving higher after breakinh up the wedge in tandem with BTC, now is just under R1 resistance and upper box boarder, at this point is better to wait NY open and see what US market will bring on the table, the two level to watch are 1411 and than 1470 , will see if ETH will be able to get up there ; RSI on 15M, 1H and 4H is overbought but on 30M is still on oversold area so a bounce up could happened as well a pullback so mix signal at this stage, i would exclude to buy here as it is under resistance, i am still on the bearish side but in this moment i have a neutral view , in the sense that i cannot exclude a bounce to the high 1400, will monitor BTC as well and US Dollar, but i will just look how ETH will react at 1400-1411 if it get up there and if a bearish or bullish formation will become visible to confirmed that a position could be open.
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