ETH is under Long term resistance against the King Crypto, Bitcoin.
That weekly chart above does show ETH making its first come back since Late 2021 but now, it has reached a libe it may struggle to overcome.
The Weekly MACD below shows us there is room to move but look back at the last aTH in "021 ( dashed lines) amd see where MACD was then !
The Weekly RSI is already up in Overbought but as we know, it can range High
But, again, look back where RSI was when it reached its ATH's in 2021 ( dashed lines )
The DAILY chart also shows possible reasons to think that ETH may taje a breather.
OA being rejected off long term resistance
RSI has ranged high for weeks
MACD has ranged high for weeks.
True, with the American backing for its "Baby Crypto", mpmentum may continue but just remember, it is NOT decentralised really...the more you have, the more power you have to influence it.
Anyway..just be aware....Moves ARE about to happen and they could be in either direction but, Technicaly, it should Range or Dip.
Unless there is some other backing yet to appear......coughs......
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.