Looks like a reverse head and shoulders. Rsi crossing up, Possibly going up?? I couldn't tell you. Looks like it to me. My last call was wrong though so...
Eth is stuck in a downtrend channel. Its going to bounce off the trend rebound and hit the trend again. It will hit the most recent support then will either break the channel or drop lower. React accordingly.
As the Stoic RSI falls the right shoulder is entering its final form. Will it bounce off the long term trend, or fall into the chaos of crypto right now. Alas the answer to that is beyond my skill.
Eth seems to have barley broken above the downtrend line. Which also happens to be at a resistance. The RSI is crossing down so it looks like It will be going down again. Any feedback on my anal-ysis would be appreciated.
This is my second analysts on bitfinex 1hr chart. It looks like eth has broken the down trend channel and slightly pushed over the resistance line. The arrows are just a guess as I think it might bounce back off the resistance. I think this because the RSI looks to be crossing back down.
My first attempt at a chart instead of reading everyone ideas. I shorted at 1130 and got back in where the RSI started to cross above at 1063. Lets hope the analysis (gamble) works to my favor.
*Edit* I made this chart after the buy