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ETH Daily Analysis: Green Day Anticipated

Yesterday’s Ethereum action proves that during the course of the day; we will see ETH go above $104 as it seeks to find a higher support level

What does the chart show? 

Bullish 

  • All the higher time frames are illustrating based on RSI Stochastic that ETH is heavily oversold.
  • Volume is slowly decreasing over the past 12 hours, with accumulation increasing over the past 16 hours. 
  • A volume gap has to be filled at $106. 
  • Currently in a bullish triangle pattern; a breakout above $101.60 would illustrate a test of the resistance at $103.50, with enough momentum to push it to $106. 

Bearish

  • BTC decreasing to $3582 would illustrate that we would see ETH break past support to $97. 

Nouvive Says: ETH will see $106 during the course of the day.

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2347

ViFeed Indicators

Bitcoin (BTC)
$4029.05
73.00 RSI
-1.28%
Sell
Ethereum (ETH)
$136.76
59.00 RSI
-2.58%
Hold
XRP (XRP)
$0.31
53.00 RSI
-1.99%
Hold
Litecoin (LTC)
$59.26
60.00 RSI
-2.05%
Hold
EOS (EOS)
$3.65
41.00 RSI
-2.58%
Buy
Bitcoin Cash (BCH)
$153.67
59.00 RSI
-4.19%
Hold
Binance Coin (BNB)
$14.69
67.00 RSI
-3.90%
Hold
Stellar (XLM)
$0.11
54.00 RSI
-4.30%
Hold
Tether (USDT)
$1.01
7.00 RSI
0.07%
Buy
TRON (TRX)
$0.02
46.00 RSI
-2.26%
Hold
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