• Cryptocurrencies: 2116
  • Markets: 16313
  • Market Cap: $122098734737.02
  • 24h Vol: $15594794883.887

ETH to see Double Digits Today: Bullish-Bearish View

What does the technical Analysis Show? 

Bearish View:

  • The lower time frames illustrate that ETH is unable to get above the 15MA resistance. Nouvive intelligence views this ability to jump over it as HIGHLY IMPROBABLE. 
  • There is simply not enough retail investors nor buy side support to encourage a move past $104 today.
  • Accumulation according to the OBV has peaked, therefore seeing it highly unlikely we could see the morning peak of $106.
  • RSI Stochastic is oversold on Ethereum despite its decrease, illustrating that we will see $97.60
  • A crossover on the RSI Stochastic that will be occurring shortly could see ETH dump to the lows.

Bullish View:

  • The RSI Stochastic on the lower time frames are set to cross over, there are volume gaps at $106.31 and $110 – it is possible a high powered move spurred on by BTC rise to over $6700 could see the same for Ethereum.
  • A dip to the previous lows of $97.27 could see a spike as we saw on the 25th of November that could see the gaps filled at $118 and above the previous yearly low at $120.
  • Accumulation on the higher time frames have spiked up – illustrated by rising market sentiments to dollar cost average into longs in anticipation of a bounce at the lows of $97.

Nouvive sees a short for Ethereum to $97. 

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2049

ViFeed Indicators

Bitcoin (BTC)
$3665.97
49.00 RSI
-0.03%
Hold
XRP (XRP)
$0.33
38.00 RSI
-0.39%
Buy
Ethereum (ETH)
$121.64
41.00 RSI
-1.10%
Buy
Bitcoin Cash (BCH)
$128.17
49.00 RSI
-1.34%
Hold
EOS (EOS)
$2.47
40.00 RSI
-1.30%
Buy
Stellar (XLM)
$0.11
55.00 RSI
-0.75%
Hold
Tether (USDT)
$1.02
0.00 RSI
-0.24%
--
Litecoin (LTC)
$31.45
60.00 RSI
-0.55%
Hold
TRON (TRX)
$0.02
49.00 RSI
-2.92%
Hold
Bitcoin SV (BSV)
$76.27
46.00 RSI
-0.99%
Hold
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