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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? 

Bullish

  • 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.

Bearish

  • 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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0.00 RSI
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--
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--
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