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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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ViFeed Indicators

Bitcoin (BTC)
73.00 RSI
Ethereum (ETH)
59.00 RSI
53.00 RSI
Litecoin (LTC)
60.00 RSI
41.00 RSI
Bitcoin Cash (BCH)
59.00 RSI
Binance Coin (BNB)
51.00 RSI
Stellar (XLM)
54.00 RSI
Tether (USDT)
7.00 RSI
46.00 RSI
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