Eth maxi's have been obliterated for the past six - eight months, as a new all time high proved to be elusive. If you're a trend trader, this may be an interesting set up to watch...
Ethereum about to take the lead during the next leg up in the Crypto markets?
Buy zone is between the purple lines: range of 4.75-4.65.
1. Strong support at 4.75 on the 1Hr, with the 99 Day EMA & ICH cloud converging.
2. Bullish divergence showing on the 4Hr
3. Relatively neutral RSI
Do your own research and don't trade based on my information alone. Feel free to leave a comment below!
$Algo:
1. Price resting comfortably above the 55 Day EMA on 4Hr
2. Sitting within an accumulation phase after nice run during previous 3 days.
3. Moderately elevated RSI
I could see it touching it's 99 day EMA & top of ICH cloud (1 HR chart), before a nice bounce next week - Have a buy order set in the $.425 price range.
As always, do your own research and...
On the heels of Decentraland; $MANA has a chance to either make a rebound or fall flat.
Using the 4H Chart due to volume, hard not to believe it will be a solid short term play (with obvious risk). Approaching a major support level that has held it's ground previously. RSI is below 38, which last time $mana saw this happen it went on a 48 hour, 33%+ growth...
A lot going on but most indicators show a favorable long term hold of Bitcoin:
1. Bullish Divergence on the daily
2. Daily RSI levels at lowest level since first week of January.
3. Trading above ICH cloud over past 6 weeks
4. 55 EMA support holding firm on daily
5. 222 EMA support holding firm on the 4H
I wouldn't count out a re-test of lower support around 9k...
