The RSI has been a nice indicator for trend reversals. We are almost hitting the 30 RSI level.
The 0.618 FIB level has been breached but not as strong, ETH is still around 590 USD.
Next candle should be decisive. If it breaks downwards, we have a nice support at 360 USD. However giving the RSI being almost oversold, it is highly unlikely it will drop that much.
If it breaks upwards, the chart speaks for itself :)
The 0.618 FIB level has been breached but not as strong, ETH is still around 590 USD.
Next candle should be decisive. If it breaks downwards, we have a nice support at 360 USD. However giving the RSI being almost oversold, it is highly unlikely it will drop that much.
If it breaks upwards, the chart speaks for itself :)