ETHEUR finding resistance to retest ATH
Updated
Bearish resistance @ 629 but overall bull scenario.
Not enough volume but RSI14 has enough place for a push.
It can slowly reach ATH and bounce back to establish in the 0.236 FIB range
Note
Another try scenario for resistance level.
Be aware of the BTC pairs to check for BTC dump. If BTC goes deep ETH might break through ATH.
Note
Next try, here it goes. RSI14 and Stoch looking good.
Note
After a retracement through 2 FIB bars to reach 50%, ETHEUR now bouncing back.
Long window according to Stoch
Note
ETHEUR went through 0.236 FIB retracement and found support @ 0.38 FIB (542).
Downtrend confirmed but support looks good. Let's see if it finally corrects to 50%.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.