Currently ETH has crossed a major horizontal resistance at around 633.
Looking at our local trend resistance we can see rejection. But if ETH can manage to stay above the black line (new support) we have better chances of going higher.
Bullish Indication:
Major Horizontal Resistance Crossing
MACD Bullish Divergence
Bearish Indication:
Trend Resistance Rejection
RSI getting closer to over bought.
Looking at our local trend resistance we can see rejection. But if ETH can manage to stay above the black line (new support) we have better chances of going higher.
Bullish Indication:
Major Horizontal Resistance Crossing
MACD Bullish Divergence
Bearish Indication:
Trend Resistance Rejection
RSI getting closer to over bought.
