ETH the future is bright.
Actualizado
ETH'S future seems bright and overall bullish.
I'm looking out for a bullish MACD cross over the next few days to form on the daily to confirm a reversal. I'm also watching the daily RSI to see if it gets up to 46+ which would act as a positive bullish indicator for a trend reversal.
The $650 line has acted as a strong line of support, but it could break if the market goes off the board bearish, which at that point I personally would be looking at $400 - 450 for the next support.
Heavy resistance is met at the $1000 level, a normal trading range for me would personally be around 800, which my triangle corroborates, but only the market will tell..
Overall sentiment is bullish on ETH , and the loyal investor base is not so easily FUD'D. The plasma scaling being implemented in the future could act as a positive catalyst for a run.
I'm looking out for a bullish MACD cross over the next few days to form on the daily to confirm a reversal. I'm also watching the daily RSI to see if it gets up to 46+ which would act as a positive bullish indicator for a trend reversal.
The $650 line has acted as a strong line of support, but it could break if the market goes off the board bearish, which at that point I personally would be looking at $400 - 450 for the next support.
Heavy resistance is met at the $1000 level, a normal trading range for me would personally be around 800, which my triangle corroborates, but only the market will tell..
Overall sentiment is bullish on ETH , and the loyal investor base is not so easily FUD'D. The plasma scaling being implemented in the future could act as a positive catalyst for a run.
Nota
m honestly interested to see if it cant break the 50 EMA line and hold for a few days. That to me would be a good indicator that the bulls could be picking up steam for a nice run well past the heavy resistance line. A man can dream :')
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