ETH Weekly - Key Level of Support Coming...

10 thg 7, 2018

On the weekly chart, we are approaching a few key levels of support. If we break the 2nd level of support along with a moving average cross and and RSI value below 40, we will be longer term bearish.

Things to look for:

• 1st level of support between $400-$415
  
• 2nd level of support between $360-$395
  
• Potential spike lows between $275 (level of support) -$320 (786 Fib retracement)
  
• Moving Average 21 weeks getting close to crossing 50 week moving average. If this crosses, longer term bear market.
  
• RSI reaching a level of support at 40
  

Good Luck!