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ETH : Where is it going over the weekend?

ETH/Ethereum Follows Bitcoin, it appears that both will be flirting with support and resistance over the weekend. ETH will go do $206 before pumping to $218 on Sunday Night – Early Monday Morning.

Where does Nouvive see ETH going Today? 

  • The accumulation as decreasing – not at the same rate as BTC – this gives the impression that those who longed or brought ETH did so from the early $200’s and therefore are not willing to sell.
  • RSI Stochastic on all time frames is HEAVILY OVERSOLD this illustrates that we will see a pump up $215 over the course of the next several hours before testing the October Highs of $206.
  • ETH over the past 12 hours has been flirting with $211 – this is the 0.618 Fibonacci line – an area where a coin usually cools off. This tells Nouvive that as a result of a refusal to dump and staying at the 618 Fib – we will see $215.

Where does Nouvive see ETH going over the weekend? 

  • As a result of the pump to $215 and it being the weekend where the markets are traditionally slower until Sunday Evening – the weekly and daily close – we will see ETH flirt with $206 before attempting to start the week at $218 to make ANOTHER HIGHER HIGH, HIGHER LOW. 
  • This higher high, higher low will make ETH far more bullish on the weekly time frame which has been on-going over the past 4 Weeks.

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1632

ViFeed Indicators

Bitcoin (BTC)
$4032.83
73.00 RSI
-1.16%
Sell
Ethereum (ETH)
$136.9
59.00 RSI
-2.44%
Hold
XRP (XRP)
$0.31
53.00 RSI
-1.76%
Hold
Litecoin (LTC)
$59.28
60.00 RSI
-1.95%
Hold
EOS (EOS)
$3.65
41.00 RSI
-2.36%
Buy
Bitcoin Cash (BCH)
$154.62
59.00 RSI
-3.55%
Hold
Binance Coin (BNB)
$14.75
51.00 RSI
-3.53%
Hold
Stellar (XLM)
$0.11
54.00 RSI
-4.09%
Hold
Tether (USDT)
$1.01
7.00 RSI
0.05%
Buy
TRON (TRX)
$0.02
46.00 RSI
-2.06%
Hold
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