ETH Daily Analysis: Green Day
ETH has been showing increasing amounts of indication that today we will see a green day.
What do the charts show us?
- ETH on the lower time frames have broken out of its down-trend.
- The lower time frames are the best (45Minutes) as Nouvive Intelligence has found to catch the moving ETH.
- LTF illustrate that the 15 and 55 MA will cross-over within the next 1 Hour, leading to an increase in momentum.
- Buy-side Volume and accumulation will increase based upon this.
- Volume gap to be filled at $93 – likely this will occur.
- Resistance to break at $98 – unlikely this will occur.
- Volume gap to be filled at $87.45 – more than likely this will occur.
- A close on the 2H time frame below $87.45 would indicate that the it was a false breakout narrative.
Nouvive Says: A close below $87.45 would indicate that it was a false breakout, based on current momentum, increasing accumulation and volume gaps, it is increasingly likely that ETH will breakout to fill the gap at $93.
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