Prior to the massive dump yesterday. The bottom has proven to be strong support bouncing the price up.
BTC and the whole has starting to bounce back as well. I don't expect the price to go all the way up and make ATH. My position will be long here till around 36ish.
Feel free to discuss your idea or comments below!
OBV showing bulls rally
After a huge ETH fall yesterday ETH has been trying to break through 2300 but no success so far. With the current crypto situation, the price not pumping fast enough. People "may" panic sell causing a 2nd wave drop.
OBV and CCI showing sign of reduce volume
Trading in these times is very risky since volatility is extreme, please be cautious and do your own research!
ETH made an ATH in at 2157 within a few days then retest 2000 level leaving a candlewick.
Later it when up to 2093, being a short downward trend to 2000 then bounce up again.
If 2000 can hold, we can expect the price to consolidate within this area then continue the upward trend!
RSI convergence with the price trend and a breakout confirm after breaking both...
ETH seems to be extremely bullish in the short term. It has retest many key levels and able to breakthrough after a while.
Long here and watch the new ATH! Positive signal on Ichimoku, rsi and macd.
Key resistance on 1904 and 1855.
Stop loss on 1855
Risk : Reward = 2.8++ (depends on how high will it be)
Using a 4 hr candlestick, it seems that this push isn't enough to reach new ATH. The last price correction took almost 1 day and 12 hours to reach the moving average. This time we can expect the price to fall to 50.6k within 2 days, accumulating before pushing for a new ATH.
MACD and RSI indicate overbought.