ETH has been on a run & managed to break through the downward slopping resistance from the Nov ATH @ $1750.
Things to note on the daily:
- 9SMA is gearing up to potentially cross above the 50 in the next few days
- bull target #1 $1805 - $1820 Golden Pocket
- lower TFs are very overbought, so lookout for a back-test of $1750ish if we do hit the Golden Pocket first. If we back-test first, will have to look at RSI again
- bull target #2 $1900/0.786 FIB
Things to note on the 1hr:
- we have a PERFECTED alignment of the SMAs (see chart)
- RSI is overbought, possible re-test of $1750
Things to note on the 15 min:
- we have a PERFECTED alignment of the SMAs (see chart)
- RSI is overbought, possible re-test of $1755
DO NOT fomo here. Prices can definitely go higher, but it's looking like a cool-off is in order first, as the lower TF RSIs are getting overbought.
A re-trace to $1730ish would be healthy, but watch out for the 9SMA crossing below the 21, which could possibly suggest further downside.
NFA, DYOR, make some dough
Things to note on the daily:
- 9SMA is gearing up to potentially cross above the 50 in the next few days
- bull target #1 $1805 - $1820 Golden Pocket
- lower TFs are very overbought, so lookout for a back-test of $1750ish if we do hit the Golden Pocket first. If we back-test first, will have to look at RSI again
- bull target #2 $1900/0.786 FIB
Things to note on the 1hr:
- we have a PERFECTED alignment of the SMAs (see chart)
- RSI is overbought, possible re-test of $1750
Things to note on the 15 min:
- we have a PERFECTED alignment of the SMAs (see chart)
- RSI is overbought, possible re-test of $1755
DO NOT fomo here. Prices can definitely go higher, but it's looking like a cool-off is in order first, as the lower TF RSIs are getting overbought.
A re-trace to $1730ish would be healthy, but watch out for the 9SMA crossing below the 21, which could possibly suggest further downside.
NFA, DYOR, make some dough