Looking at the daily chart we see ETHUSD is still well above the 50 EMA. After meeting resistance around 413 it looks like we may see potential correction back down to Support 1 around 371, Support 2 around 320, or possible trend line support in-between around 360. RSI on the daily seems to have hit a "resistance" around 70 since steadily climbing between 20 July...
Hello all, I am new at trying my hand in technical analysis so any constructive criticism is welcome. This is my first publication:
ETHUSD looks like it may be approaching a pull-back as it reaches key resistance around $335 USD. RSI 10 is at a high point of approx 90 and may be approaching over-bought status. MACD is strong but may be approaching a peak before...