Ethereum / EuroLong
ETH is going to break out soon
Updated
ETH is still struggling to breakout the resistance level on daily chart but it is going to make it soon as we can see that MACD 12 is about to cross 26 and RSI is also showing uptrend.
First resistance is at about 755ish area which ETH reached few days ago but couldn't make it and the support level is 660ish. Support is looking strong, it has touched it few time and tried to bounce back. The overall trend is looking bullish and the next resistance level would be around 853 area.
Patience is the key here.
First resistance is at about 755ish area which ETH reached few days ago but couldn't make it and the support level is 660ish. Support is looking strong, it has touched it few time and tried to bounce back. The overall trend is looking bullish and the next resistance level would be around 853 area.
Patience is the key here.
Note
If the trend will not break the green line until 20th of February then the downtrend will most probably go on and break the support level. Volume starts to flow in from last few hours which is a good sign of breaking the resistance. 4HR chart shows that the MACD 12 and 26 is above 0 which is a good sign but RSI 14 is above 65 already. Next few days would be critical to decide the trend.
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